Dewey Liquidating Trust Hit With $50M Malpractice Suit

Law360, New York (October 28, 2013, 5:02 PM EDT) -- Former clients of Dewey & LeBoeuf LLP on Monday hit the defunct firm’s liquidating trust with a $50 million malpractice suit, claiming former Dewey attorneys’ advice on an international investment plan was faulty and cost them millions in tax penalties and legal defense.

Roy E. Hahn, Larry J. Austin, Chenery Associates Inc. and Chenery Management Inc. accuse Dewey’s former lawyers of providing lousy legal advice on the plaintiffs’ plan to take advantage of the Asian debt crisis in early 2000 whereby they would purchase the debt...
To view the full article, register now.