Securities Boutique Botched Stock Deal, Appeals Court Told

Law360, New York (October 2, 2013, 8:19 PM EDT) -- A group of investors in now-bankrupt video software company KIT Digital Inc. urged a New York state appeals court Wednesday to revive their legal malpractice case against securities boutique Sichenzia Ross Friedman Ference LLP, arguing that the firm didn't protect their investment as promised.

Edward Kramer of Mintz & Fraade PC, who represents the investors, said a lower court's dismissal should be reversed because his clients had sufficiently pled that the firm didn't add sufficient anti-dilution provisions to a stock purchase agreement in 2005 as it...
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