Bloomberg Law
Aug. 24, 2022, 9:06 PM

Fox Rothschild Can’t Represent Investment Company in Fraud Suit

David McAfee
David McAfee
Staff Correspondent

Fox Rothschild LLP has been disqualified from representing an investment company that’s suing over alleged securities fraud, due to a conflict of interest, according to a federal court in New York.

Investment company Cypress Holdings III LP, represented by Fox Rothschild, sued Sport-BLX Inc., which works with sports asset investments, and its parent company GlassBridge Enterprises Inc. for securities fraud, negligent representation, and more. The lawsuit claims investors were misled about Sport-BLX’s purported business plan.

GlassBridge moved to disqualify Fox Rothschild in May, saying it was being “forced to defend itself” from a suit brought by “its former law firm.” ...