Cadwalader Says Ex-Client That Lost $13M Ignored Its Advice

Law360, New York (January 8, 2013, 2:02 PM EST) -- Cadwalader Wickersham & Taft LLP filed an opposition in New York state court Monday to a motion by Red Zone LLC for summary judgment in its $13 million malpractice case against the law firm over a proxy battle for Six Flags Inc., claiming Red Zone ignored Cadwalader's legal advice.

Red Zone had alleged that Cadwalader failed to execute an agreement with UBS AG that would have limited the bank’s fee for helping finance the proxy battle to $2 million unless Red Zone acquired a majority of...
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