Law Firm Asks 2nd Circ. To Weigh In On Nonlawyer Investment

Law360, New York (April 5, 2012, 6:09 PM EDT) -- Law firm Jacoby & Meyers LLP on Thursday appealed a New York federal court's ruling that it cannot take investments from nonlawyers, opening the door for the Second Circuit to weigh in on the controversial issue.

By filing a notice of appeal, the firm took only the first step toward overturning its loss in a suit arguing New York's law firms should be able to tap new sources of capital. U.S. District Judge Lewis A. Kaplan threw out Jacoby & Meyers case March 8, ruling several...
To view the full article, register now.




Case Information

Case Title

Jacoby & Meyers, LLP et al v. Schneiderman et al

Case Number



New York Southern

Nature of Suit

Constitutional - State Statute


Lewis A. Kaplan

Date Filed

May 18, 2011

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.