NY Appeals Court Clears 2 Attys Of Malpractice Over 9/11 Deal

Law360, New York (February 28, 2013, 6:35 PM EST) -- A New York appeals court on Thursday tossed malpractice claims against two lawyers who struggled to pay a bankrupt business part of an insurance settlement tied to the 9/11 terrorist attacks, after the money got caught up in the infamous Dreier LLP meltdown.

A five-judge panel sitting in the First Department of the state's Appellate Division affirmed trial court Judge Judith J. Gische's August 2011 dismissal of Cosmetics Plus Group Ltd.'s malpractice claims against attorneys Paul Traub and Steven Fox, who had represented the company in its bankruptcy case.

"Defendants' failure to ensure that the settlement funds were paid out within...

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