A pair of Bear Stearns-affiliated hedge funds that collapsed in 2008 and sued Reed Smith for taking too long to go after a group of credit-ratings agencies have settled their $500 million legal malpractice case against the law firm.
A representative for Reed Smith said in a statement Friday that “the parties have reached a mutually-acceptable resolution of their dispute and respective claims.” Attorneys for the plaintiffs didn’t immediately respond to comment requests.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]