Blank Rome has entered into a $20 million agreement with the trustee of a former client now in bankruptcy, American Business Financial Services, to settle a complaint alleging breach of fiduciary duty, professional malpractice and breach of contract. The settlement was approved by a U.S. bankruptcy judge for the District of Delaware on July 28. Blank Rome does not admit any liability or wrongdoing in agreeing to the settlement, according to the agreement.
Blank Rome Settles Malpractice Claim for $20 Million
The Legal Intelligencer
August 10, 2009