SMG Slammed Over Misconduct Claims In Co. Spat

Law360, New York (September 16, 2010, 3:48 PM EDT) -- A state judge has granted Day & Zimmerman Inc. summary judgment in a suit brought by SOC-SMG Inc. over a soured joint venture, leaving arbitrators to resolve a dispute over confidential information, attorney misconduct and $12 million in promissory payments.

On Wednesday, Vice Chancellor Leo E. Strine Jr. of the Delaware Chancery Court bashed SMG for trying to win the underlying arbitration by accusing D&Z's counsel of attorney misconduct, emphasizing that the arbitration proceedings, which SMG initiated, remain the best venue to resolve acrimony over SOC...
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