We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Law Firm Loses Jury Trial Over Banking Deal

Law360 (June 20, 2007, 12:00 AM EDT) -- Law firm Parker Chapin Flattau & Klimpl LLP was slapped with a $7 million verdict after a New York City jury found that one of its former partners had breached fiduciary duty in a $42 million investment banking deal.

In a verdict handed down on Tuesday, the jury ruled that former Parker Chapin partner Henry I. Rothman breached fiduciary duty by secretly representing one member of a three-member syndicate represented by the firm in connection with a $42 million Israeli investment banking deal.

The jury found...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.