Congratulations to Reynolds Frizzell partners Chris Reynolds and Brandon Allen and associate Adi Sirkes on their recent victory on behalf of a national law firm, Baker Donelson, in a legal malpractice suit brought by a litigation funding venture created to fund cases arising out of the Deepwater Horizon incident.
When the plaintiff lost some of its claims against its co-venturer in an underlying arbitration, the plaintiff then sued Baker Donelson, claiming that it negligently caused plaintiff’s alleged arbitration losses. The plaintiff sought $48 million in damages.
After securing a pre-trial summary judgment in its favor on various claims, Baker Donelson proceeded to and fully prevailed in a seven-day bench trial in federal court on plaintiff’s remaining claims. The Court issued a take-nothing judgment in favor of Baker Donelson.
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