A New York state judge has ruled that a law firm had no duty to prevent a key officer from leaving a company but may be liable for aiding and abetting that officer’s breach of fiduciary duty.

In an unusual decision issued Aug. 4, Manhattan Supreme Court Justice Bernard Fried threw out legal malpractice and breach of fiduciary claims against Schulte Roth & Zabel stemming from its work for an abortive private jet startup, but permitted an aiding and abetting claim to proceed.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]