Reed Smith Exits Arbitration, Avoids Conflict-Of-Interest Suit

Law360, New York (December 11, 2012, 8:30 PM EST) -- Reed Smith LLP withdrew from pending arbitration involving the National Network of Digital Schools after NNDS on Friday filed a now-withdrawn lawsuit in Pennsylvania state court alleging a conflict of interest should prevent the firm from representing a management group over an allegedly breached agreement.

On Monday, NNDS withdrew the suit, which also names the American Arbitration Association, in light of Reed Smith's exit.

“We reviewed this situation carefully and feel strongly that there is no conflict in this matter; however, Reed Smith has withdrawn, as...
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