Proskauer Hit With Malpractice Suit Over Income Tax Row

Law360, Los Angeles (March 11, 2014, 8:07 PM EDT) -- Bankrupt Overseas Shipholding Group Inc. hit Proskauer Rose LLP and four of its partners with another legal malpractice lawsuit in New York state court on Tuesday, accusing its former general outside counsel of straddling OSG with hundreds of millions of dollars in “completely avoidable” tax liability.

The action comes just after Proskauer filed a suit of its own against OSG, which had previously claimed in Delaware bankruptcy court that the firm’s malpractice led to hundreds of millions of dollars in income tax liability, asking a New York...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.