Troutman Sanders Dodges Ex-Partner's $20M Fee Suit

Law360, New York (March 8, 2013, 2:44 PM EST) -- A former Troutman Sanders LLP partner's allegations that his former firm messed up a $2 billion nursing home operator acquisition, losing a boutique investment bank's right to a $20 million fee, are too old and speculative, a New York state judge ruled Tuesday.

Judge Shirley Werner Kornreich said that former Troutman Sanders partner Leonard Grunstein and his affiliates' allegations — that his former firm messed up the paperwork in a nursing home operator acquisition that allowed the operator's buyer to avoid paying a $20 million advisory...
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