Baker Burton Skirts Tech Co.'s Stock-Misconduct Suit

Law360, New York (November 6, 2012, 10:41 PM EST) -- Law firm Baker Burton & Lundy on Monday ducked a securities suit in California federal court in which IP Telesis Inc. accused the firm's attorneys of conspiring with their clients at Velocity Networks Inc. to swindle shareholders out of their shares and gain control of the tech company.

Baker Burton & Lundy had argued that its advice to Velocity's chiefs was protected by attorney-client privilege, which would prevent the law firm from being able to use that information to effectively defend itself in court. The California...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

IP Telesis Inc v. Velocity Networks Inc et al


Case Number

2:11-cv-09950

Court

California Central

Nature of Suit

Stockholders Suits

Judge

R. Gary Klausner

Date Filed

December 1, 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.