A New York appeals court has ruled that Wilson, Elser, Moskowitz, Edelman & Dicker did not breach its fiduciary duty to a client by helping another client set up a competing insurance business. The panel overturned a lower court's grant of partial summary judgment to Ulico Casualty, and found that the court prematurely ordered the law firm to forfeit the estimated millions of dollars in compensation to Ulico. The panel concluded that Ulico could proceed on a legal malpractice claim against the firm.
N.Y. Appellate Court Rejects Breach of Duty Claim Against Wilson Elser
New York Law Journal
September 17, 2008