Skadden Wins Hedge Fund's Malpractice Suit Over $14M Award

Law360, New York (March 17, 2014, 10:04 PM EDT) -- Skadden Arps Slate Meagher & Flom LLP and one of its partners have prevailed in a hedge fund's legal malpractice suit over a $14 million arbitration award that was allegedly their fault, with a New York state judge ruling that the plaintiff filed its suit too late in an opinion made public Monday.

In a March 6 ruling, Judge Eileen Bransten agreed with Skadden and partner Allison L. Land that XE Capital Management's suit was time-barred because it was filed well beyond the relevant three-year statute...
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