Statek Wants 2nd Circ. To Revive $85M Law Firm Claim

Law360, New York (April 29, 2011, 2:46 PM EDT) -- An attorney for Statek Corp., which is pursuing an $85 million claim against bankrupt law firm Coudert Brothers LLP, told the Second Circuit on Friday that the bankruptcy court shouldn't have tossed its claim because the limitations period had expired.

"There a sense of manifest injustice here," Statek's attorney, Edward J.M. Little of Hughes Hubbard & Reed LLP, told a three-judge panel, arguing that Connecticut law, with its longer statue of limitations, should apply, not New York law.

Statek has alleged that Coudert Brothers, which dissolved...
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