Malpractice Suit Proceeds Against Lawfirm of Paul, Hastings, Janofsky, and Walker
In corporate legal news according to Corporate Legal Times:
April 16, 2008
A New York judge has allowed a legal malpractice suit alleging faulty due diligence work by Paul, Hastings, Janofsky & Walker to proceed. Investor Ronald Katz hired the law firm to represent him in connection with a $3 million investment in a company called Humitech. Katz claims the lawyers failed to determine that Humitech was not the beneficial owner of certain mineral rights he expected to obtain, and that other collateral in the form of stocks was encumbered.