Proskauer Malpractice Suit Not Time-Barred: J&J Heir

Law360, New York (January 23, 2012, 4:49 PM EST) -- The grandson of a Johnson & Johnson co-founder told a New York state court Friday that it wasn't too late for him to sue Proskauer Rose LLP and two attorneys for giving him bad advice about selling his J&J shares to avoid taxes.

John Seward Johnson Jr., an artist and a grandson of J&J co-founder Robert Wood Johnson, alleges along with his wife that Proskauer Rose firm attorney Jay D. Waxenberg and former head of Proskauer Rose's tax department, Ira Akselrad, advised them to follow a...
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.