Cadwalader Convinces N.Y. High Court Client Has No Case

Cadwalader, Wickersham & Taft LLP was freed Oct. 22 by the New York Court of Appeals from a malpractice action claiming the firm dropped the ball in advising a client on a multimillion-dollar mortgage securitization matter (Nomura Asset Capital Corp. v. Cadwalader, Wickersham & Taft LLP, 2015 BL 347297, N.Y., 122, 10/22/15).

The court said Cadwalader established as a matter of law that it provided adequate advice on a crucial property evaluation and that its performance comported with standard practice and the scope of its representation—which placed responsibility for the accuracy of property valuations on client Nomura Asset ...