In a legal malpractice case, a Manhattan Supreme Court justice has awarded a former client of Cadwalader, Wickersham & Taft more than $16.7 million against the law firm.
Cadwalader represented Red Zone, an investment vehicle run by Washington Redskins owner Daniel Snyder, in a potential transaction with Six Flags in 2005. Red Zone brought suit against the firm in 2011, asserting it failed to properly carry out its instructions to ensure a letter agreement between Red Zone and UBS Securities LLC memorialized an oral agreement to limit Red Zone’s liability for fees to UBS for the Six Flags transaction.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
