Choate Hall Moves To Toss Investor Suit Over Botched Deal

Law360, New York (May 30, 2013, 2:54 PM EDT) -- Choate Hall & Stewart LLP urged a Delaware federal judge on Wednesday to dismiss a malpractice suit by private investor HWI Partners LLC that alleges the law firm botched HWI's acquisition of now-bankrupt Custom Cable Industries Inc. in 2008, arguing that HWI lacks standing and the suit is time-barred.

The law firm said that the purported financial injury — a failure to properly execute a loan agreement by Choate Hall that left Custom Cable saddled with debt — occurred to Custom Cable and not HWI, so...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.