Ellenoff Grossman Can't Escape Malpractice Claim

By Sarah Martinson (January 10, 2022, 2:10 PM EST) -- A New York federal court tossed all allegations by blockchain company RocketFuel against its former counsel Ellenoff Grossman & Schole LLP on Friday except for a legal malpractice claim over due diligence work on patent applications that the company obtained in an acquisition.

U.S. District Judge Valerie Caproni said in an opinion Friday that RocketFuel Blockchain Co., a subsidiary of RocketFuel Blockchain Inc. or RBI, adequately alleged that the law firm breached its duty to investigate the patents and sufficiently tied the alleged negligence to actual damages.

The fact that Ellenoff Grossman investigated the patent applications before RBI, at the time...

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