Boutique Firm Shakes Appeal In Investor Malpractice Suit

Law360, New York (October 22, 2013, 2:57 PM EDT) -- A New York appeals court on Tuesday declined to revive a malpractice suit brought against securities law boutique Sichenzia Ross Friedman Ference LLP by investors in now-bankrupt video software company KIT Digital Inc., finding representations made by Sichenzia Ross had not caused their losses.

Investors including Cobble Creek Consulting Inc. claimed the New York City law firm had acted in a manner contrary to its discussions with them and other preferred KIT Digital shareholders by allowing language in a 2005 investment agreement that ultimately allowed a...
To view the full article, register now.

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.