A New York financial services law firm convinced a federal court to narrow the scope of a claim brought against it in a legal malpractice action filed by an aerospace and defense company.
Applied Energetics Inc. sued Gusrae Kaplan Nusbaum PLLC in January 2021, alleging legal malpractice in connection to the firm’s representation of Applied in a proxy solicitation. The company said Gusrae didn’t disclose a potential conflict of interest stemming from the firm’s earlier representation of the company’s former principal executive officer and sole director, George Farley, in a shareholder derivative lawsuit.
Gusrae moved to dismiss the complaint, and ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.