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A Philadelphia judge has dismissed the legal malpractice claim brought by a Philadelphia multimillionaire businessman against Schnader Harrison Segal & Lewis because the statute of limitations bars the claim.

Plaintiff Raymond G. Perelman, who has made a fortune selling 30 to 50 businesses and building up his interests in manufacturing, mining and finance, sued Schnader Harrison and former Schnader Harrison attorney Vickie J. Waitsman regarding the handling of a business transaction, Philadelphia Common Pleas Senior Judge Albert W. Sheppard Jr. said in an Oct. 4 opinion in Perelman v. Schnader Harrison Segal & Lewis.

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