Locke Lord LLP must face a lawsuit challenging legal advice it gave in connection with health-care plans that became insolvent and were terminated after being sued by the Labor Department, according to a Chicago federal court ruling.
Receivership Management Inc., the court-appointed fiduciary charged with managing the AEU Holdings LLC benefit plans, has valid claims against the international law firm for negligence and negligent misrepresentation, the US District Court for the Northern District of Illinois said Thursday.
The accuracy of Locke Lord’s legal advice, as well as the reasonableness of the assumptions it used in giving that advice, are factual ...
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