Statek Appeals Denial Of $85M Claim In Coudert Ch. 11

Law360, New York (November 18, 2009, 3:06 PM EST) -- Crystal device maker Statek Corp. has appealed a bankruptcy judge's ruling disallowing its $85 million claim against Coudert Brothers LLP stemming from allegations that the defunct law firm breached its fiduciary duty in failing to uncover the fraudulent activities of two individuals who looted Statek in the 1990s.

Tuesday's filing appealed Judge Robert D. Drain's July memorandum, issued in the U.S. Bankruptcy Court for the Southern District of New York, disallowing Statek's claim.

A Connecticut lawsuit, amended with the permission of the bankruptcy court in August...
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