Akin Gump Hit With 2nd $120M Defamation Suit

Law360, New York (January 27, 2012, 7:01 PM EST) -- A California business consultant on Wednesday filed a $120 million defamation suit against Akin Gump Strauss Hauer & Feld LLP and one of its securities partners, the second such suit filed against the firm in Los Angeles this week.

Plaintiff Charles Arnold's suit says Akin Gump partner Douglas A. Rappaport sent a letter to a third party claiming that Arnold had lied, committed an unspecified crime and violated his fiduciary duties as a business adviser.

The defendants allegedly purported to disrupt Arnold's business relationships and blackmail...
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