Professional Liability Litigation
With our extensive experience in the defense of attorneys, accountants,
directors and officers, health care providers and insurance brokers, our
attorneys are regularly retained to represent professionals in high profile
matters involving complex legal issues and multi-million dollar damage
claims. Our firm has been engaged by local, national and international
law firms to handle the most challenging and complex professional liability
claims brought against attorneys. These claims include securities law
violations, breach of fiduciary duty, fraud and conflicts of interest
arising from complex business and real estate transactions. We also provide
representation under insurance errors and omissions policies.
- Defended national law firm in consolidated professional liability
actions brought by FDIC and bankruptcy trustee of failed savings and
loan association. Claims arose from law firm’s prior defense of
the savings and loan in underlying securities class action and derivative
litigation. The consolidated claims brought against law firm client
exceeded $140 million.
- Defended national law firm in a professional liability action brought
by limited partners in a real estate limited partnership represented
by law firm. Claimants allege they were forced out of the partnership
and lost their ability to acquire the property by way of their right
of first refusal, thereby sustaining damages of $18 million. Obtained
dismissal of client from action by way of motion for summary judgment.
Case now on appeal.
- Defending international accounting firm in coordinated class action
securities and professional liability litigation in state and federal
courts. Litigation arises from alleged accounting fraud at a publicly
traded business software company. The alleged fraud resulted in restatements
of financial statements for multiple reporting periods. The class plaintiffs
seek damages in excess of $100 million.
- Engaged to defend international law firm in a professional liability
claim brought by a California resort developer arising from acquisition
of real property in Mexico for a proposed resort development. Litigation
involved proceedings in California and Mexican courts.