Seward & Kissel Says Due Diligence Was Client's Job
Law360, New York (July 14, 2017, 10:05 PM EDT) -- Seward & Kissel LLP told a New York federal judge on Friday that its role in helping a client sell his energy efficiency service company did not include due diligence on the financial state of the buyer, ForceField Energy Inc., which was implicated in a $131 million stock manipulation scheme and stiffed the seller.
Jacqueline P. Rubin of Paul Weiss Rifkind Wharton & Garrison LLP, arguing for Seward & Kissel, told U.S. District Judge William H. Pauley III that the malpractice suit brought by Mitchell Barack, former owner of Massachusetts-based ESCO Energy Services Co. Inc., should be tossed because the type...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!