CashCall Claims Katten's Bad Tribal Advice Cost It $500M

Law360, Los Angeles (April 19, 2017, 10:06 PM EDT) -- Consumer lender CashCall has accused Katten Muchin Rosenman LLP of costing it over $500 million in a California state court legal malpractice suit contending the firm pushed it into building its business on the faulty assumption that Native American laws would govern loans acquired from tribal lenders.

CashCall Inc., its owner J. Paul Reddam and WS Funding LLC filed their 42-page complaint in Orange Conuty Superior Court on April 14, alleging that through negligent advice Katten Muchin and the firm’s partner and chair of its consumer...
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