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Court Says Private Equity Firm’s Unit May Proceed with Malpractice Claims Against Law Firm

August 19, 2010 in Alternative Investment Law Report · Leave a Comment 

The Supreme Court of New York July 28 gave an affiliate of Cerberus Capital Management L.P.—a leading private equity firm—the green light to pursue claims that Paul Hastings Janofsky & Walker LLP and two of its attorneys provided negligent advice in connection with a $125 million secured loan…

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