The Second Appellate District affirmed in part and reversed in part a judgment. The court held that a plaintiff’s legal malpractice claims against his prior attorneys, alleging failure to preserve certain claims in underlying litigation, were barred by limitations where the attorneys represented the plaintiff on the unpreserved claims only until new counsel was retained to pursue the claims in separate litigation more than a year before the malpractice action was filed.
David Lockton was an attorney and entrepreneur with a record of successful business ventures. In 1987, he founded Interactive Network, Inc. (Interactive). In 1994, Tele-Communications, Inc. (TCI), an investor in Interactive, began an attempted takeover. Interactive’s board of directors instructed Lockton to retain Joseph Cotchett and his firm to sue TCI. Lockton did so, and the action settled in 1998.
