Winston & Strawn Offered Bad Lease Buyout Advice, Suit Says

Law360, New York (July 3, 2012, 12:24 PM EDT) -- An upscale women's clothing retailer in New York City has accused its former counsel Winston & Strawn LLP of malpractice and negligence over a botched lease buyout that allegedly cost Leggiadro Ltd. much more than the attorneys had forecast.

The store's stakeholders, Ann and Brooks Ross, relied on their attorneys to nail down the price tag attached to the early termination of the six-year balance on its 15-year lease, claims the suit, filed June 28. The deal partly hinged on how much tax the Rosses would...
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