A Manhattan appeals court has narrowed the scope of discovery Akin Gump Strauss Hauer & Feld can seek from the former hedge fund managers who are suing the law firm for fraud and legal malpractice.
James McBride and Kevin Larson, the former principals of Veras Investment Partners, sued Akin Gump for over $4 billion in damages last year, claiming the firm advised it that the “late trading” activities which made the fund a target of former New York Attorney General Eliot Spitzer were legal.
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