CORRECTED: Fla. Firm Brown & Heller Closes, Lays Off 47 Staffers

Law360, New York (March 22, 2013, 4:27 PM EDT) -- Florida law firm Brown & Heller PA shut down earlier this week after 38 years specializing in complex securities defense litigation after its sole shareholder Lewis Brown opted to retire and pull back representation of its chief client Citco Group Ltd. in litigation related to Bernard Madoff's investment scandal.

Brown, who joined the Miami-based firm soon after it was established in 1975 as Gilbride & Heller by retired founding partners James F. Gilbride and Lawrence R. Heller, told Law360 on Friday that the firm's primary function...
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