Alston & Bird Hit With $4.7M Verdict In Legal Malpractice Suit

Law360 (December 19, 2019, 2:18 PM EST) -- A Georgia jury has awarded $4.7 million to an Atlanta private equity firm in its malpractice suit against Alston & Bird LLP after agreeing that the law firm provided bad advice on a 2011 investment deal, according to a final judgment entered Thursday.

A jury in Fulton County Superior Court found the law firm should pay $4.7 million to an Atlanta private equity firm. (AP) The Fulton County jury declined to grant punitive damages or attorney fees to MSouth Equity Partners, but did find that Alston & Bird had committed malpractice by providing poor advice regarding a 2011 transaction that created...

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