Lowis Fights To Keep Katten On Hook In Bank Malpractice Suit

Law360, New York (May 2, 2012, 3:38 PM EDT) -- Lowis & Gellen LLP on Tuesday urged an Illinois federal judge not to toss its third-party suit claiming Katten Muchin Rosenman LLP shared malpractice liability in a suit claiming Lowis negligently prepared loan information for now-defunct First Chicago Bank & Trust.

Katten was retained by First Chicago in 2009 connection to a failed loan the bank extended to IFC Credit Corp., which is at the heart of its malpractice suit against Lowis and one of its attorneys. Katten moved to dismiss Lowis' complaint in March, arguing...
To view the full article, register now.

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.