A Texas litigation funding company has sued Baker, Donelson, Bearman, Caldwell & Berkowitz, alleging the firm mishandled an arbitration, ruining its chances of recovering up to $47.9 million from a plaintiffs firm.

Duncan Litigation Investments (DLI) alleged in a negligence suit filed on Tuesday in State District Court in Harris County that Baker Donelson failed to secure a proper tolling agreement in underlying litigation with an unidentified plaintiffs firm, which meant that it could not recover damages in an arbitration.

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