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.
August 10, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Blank Rome has entered into a $20 million agreement with the trustee of a former client that is now in bankruptcy to settle a complaint that alleged breach of fiduciary duty, professional malpractice and breach of contract claims against the firm.
The settlement, reached in the Philadelphia Common Pleas Court case Miller v. Blank Rome, was approved by U.S. Bankruptcy Judge Mary F. Walrath for the District of Delaware on July 28.
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