9th Circ. Revives $100M Bryan Cave Legal Malpractice Suits

By David McAfee (March 24, 2014, 9:08 PM EDT) -- The Ninth Circuit on Monday revived two legal malpractice suits brought against Bryan Cave LLP by trustees for a bankrupt real estate investment firm who want more than $100 million because Bryan Cave attorneys were allegedly aware of securities fraud that they failed to stop.

The two linked appeals, filed by Bradley D. Sharp and Thomas P. Jeremiassen, bankruptcy trustees of Estate Financial Inc. and its independent investment vehicle Estate Financial Mortgage Fund LLC, contend that Bryan Cave was retained to prevent and correct legal violations but failed to do so. Just last month during oral arguments in Pasadena, Calif., counsel...

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