Sedgwick LLP has asked a federal judge to toss out a $200 million malpractice case filed against the firm in the fallout from a failed Ponzi scheme.
The receiver to Medical Capital Holdings Inc., a purported medical-receivables purchasing firm that turned out to be a $1 billion fraud, has insisted that Sedgwick, the company’s lending counsel, caused investor losses by failing to alert its client to more than a dozen unauthorized loans it was making.
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