NY Atty General Slams Jacoby's Nonlawyer Investment Suit

Law360, New York (August 9, 2013, 7:34 PM EDT) -- The New York attorney general’s office Friday fired back at Jacoby & Meyers Law Offices LLP's revived federal suit challenging a New York rule barring law firms from selling stakes to nonlawyers, saying the claims are meritless and appear frivolous.

In a brief supporting a motion to dismiss the law firm’s second amended complaint, New York Attorney General Eric T. Schneiderman defended New York Rule of Professional Conduct 5.4, along with 12 other state statutes, which Jacoby & Meyers challenged in its attempt to attract nonlawyer...
To view the full article, register now.




Case Information

Case Title

Jacoby & Meyers, LLP et al v. Schneiderman et al

Case Number



New York Southern

Nature of Suit

Constitutional - State Statute


Lewis A. Kaplan

Date Filed

May 18, 2011

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.