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Sidley Hit With $12M Malpractice Suit Over Citi Ties

Law360 (March 30, 2011, 8:17 PM EDT) -- London-based Infinity Capital Management Ltd. filed a $12.2 million suit in New York state court against Sidley Austin LLP on Monday, accusing the firm of advising the investment company to enter trading agreements with Citigroup Inc. while also counting the financial services giant among its clients.

Infinity has accused the firm of malpractice for not disclosing the conflict of interest, resulting in Sidley's failure to stop Citigroup from liquidating Infinity's fund, according to a complaint filed in Supreme Court of the State of New York, County...
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