Chadbourne Gets $500M Malpractice Suit Tossed

Law360, New York (January 11, 2010, 5:45 PM EST) -- A New York state court judge has thrown out a $500 million malpractice suit against Chadbourne & Parke LLP brought by an Austrian investment bank over legal advice the firm gave regarding the formation of an investment vehicle in Russia.

Judge Barbara Kapnick of the Supreme Court of the State of New York for the County of New York dismissed the suit Friday after concluding that Creditanstalt Investment Bank AG could not prove that Chadbourne's legal advice was the cause of the legal scrutiny the bank...
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