Norton Rose Prevails, Again, Over PE Firm's Fraud Claims

Law360, New York (September 11, 2019, 5:20 PM EDT) -- A Connecticut private equity firm that lost a legal malpractice suit against Norton Rose Fulbright last year was handed another defeat Wednesday when a New York state judge threw out its fraud suit against the law firm and a group of companies that allegedly cheated the PE firm in a power plant deal.

In a bench ruling, Justice Joel M. Cohen said New Canaan Capital Management LLC, which alleged attorneys Scott Naidech and A. Robert Colby duped it in a generating station deal in order to help a handful of its competitors, had failed to distinguish its claims from those in...

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