DLA Piper Skirts $17M Malpractice Suit In 2nd Circ.

Law360, New York (September 25, 2013, 8:37 PM EDT) -- The Second Circuit on Wednesday threw out a $17 million malpractice suit over DLA Piper’s handling of a licensing and loan deal for a now-bankrupt furniture company, affirming a lower court decision.

A three-judge panel from the appeals court said DLA Piper did not commit malpractice by failing to ensure that furniture company Joseph DelGreco & Co. made a $767 interest payment to a Taiwanese supplier. DelGreco, which filed for bankruptcy after the loan agreement and a linked deal to license furniture designs broke down, had...
To view the full article, register now.




Case Information

Case Title

In Re: Joseph Delgreco & Compa

Case Number



Appellate - 2nd Circuit

Nature of Suit

3423 STATUTES-Withdrawal

Date Filed

November 13, 2012

Law Firms

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.