Ruden McClosky Client Wins $5M Verdict In Malpractice Case

Law360, New York (October 2, 2012, 8:38 PM EDT) -- A Florida state jury on Monday awarded $4.6 million to a former client of defunct law firm Ruden McClosky Smith Schuster & Russell PA who brought a legal malpractice suit after losing $3 million by investing in the firm's failed in-house investment funds.

After a one-week trial, a Broward County jury determined that Ruden McClosky and former partner Patrick Moran were professionally negligent and breached their fiduciary duty for convincing a client to make risky investments in two funds that were wholly owned subsidiaries of the...
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