Fulbright Can't Shake Malpractice Suit Over Petters Scheme

Law360, Miami (October 9, 2013, 7:07 PM EDT) -- A Florida bankruptcy judge refused Monday to dismiss a $748 million lawsuit accusing Fulbright & Jaworski LLP of failing to properly advise funds involved in Tom Petters' $3.6 billion Ponzi scheme, causing them to lose out in the bankruptcy claims process.

U.S. Bankruptcy Judge Paul G. Hyman denied Fulbright & Jaworski's motion to dismiss the suit brought by Barry Mukamal, the trustee for Palm Beach Finance Partners LP, who says the law firm failed to advise the largest lenders of Petters' Ponzi scheme that bankruptcy was...
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