Winston & Strawn LLP lost its bid to dismiss a bankruptcy trustee’s malpractice claim in a lawsuit over the collapse of “anti-woke” banking startup GloriFi.
Judge Michelle V. Larson of the US Bankruptcy Court for the Northern District of Texas also allowed a breach of fiduciary duty claim against the law firm and attorney Michael Blankenship to proceed.
“The court ultimately agrees with the trustee that the complaint contains sufficient allegations of a breach of the defendants’ duty of care,” Larson wrote in a Tuesday opinion.
She dismissed other claims related to fraudulent transfer allegations but gave GloriFi’s Chapter 7 ...
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