K&L Gates settled a malpractice suit by Quantum Materials Corp., which accused the firm of malpractice by representing the semiconductor maker and two lenders who brought a legal action against it.
Settlement terms are confidential, Quantum said in a motion in the District Court of Hays County, Texas, to approve the agreement. K&L Gates and Michael Minns, a lawyer for Quantum, declined to comment.
The company in 2018 filed the lawsuit that stems from a payments-related dispute between Quantum and lenders SBI Investments LLC and L2Capital LLC. The company claimed it signed up K&L Gates as its counsel in 2016, then later learned the firm was representing the lenders.
“In a comedy of irrational actions that would make the old keystone cops look competent, K&L Gates was demanding one of its clients, Quantum, pay its other client approximately $50,000 for work done for Quantum by K&L Gates,” Minns wrote in an amended petition in 2020.
Earlier that year, a Texas Court of Appeals in Austin ruled against a K&L Gates motion to dismiss the case.
The case is Quantum Materials Corporation vs. K and L Gates LLP, Tex. Dist. Ct., No. 18-2393, 10/19/23.
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