Skadden, Thelen Spar Over Liability In Securities Suit

Law360, New York (November 13, 2008, 12:00 AM EST) -- Skadden Arps Slate Meagher & Flom LLP may drop a suit it is bringing against Thelen Reid Brown Raysman & Steiner LLP over indemnification payments – and pursue its claim within the underlying case, which involves the allegedly botched delivery of certain securities to shareholders of a bankrupt funeral operator, an attorney for Thelen said Thursday.

Lawyers for Skadden did not immediately return a request for comment, and the indemnification suit, filed Oct. 29 in the Supreme Court of the State of New York in Manhattan,...
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