Judge Keeps $50M Malpractice Claim Against Paul Hastings

Law360, New York (July 31, 2012, 6:10 PM EDT) -- A New York state judge said Monday that disputed factual issues prevent granting summary judgment in a $50 million malpractice claim by a Cerberus Capital Management LP affiliate that Paul Hastings LLP mismanaged the firm's bid to acquire the assets of a bankrupt retailer.

Judge Shirley Kornreich said she couldn't grant Ableco Finance LLC's motion for summary judgment because it needs to produce a legal expert to argue its claim that the law firm was required to fully review deal documents to determine the sufficiency of...
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