Seward & Kissel is facing legal malpractice claims over its role as adviser to failed hedge fund Wood River Partners. A group of institutional investors led by the Edison Fund charged the law firm, the fund's auditors and financial professionals share responsibility for alleged fraud at the fund and investors losses estimated at $200 million. Also named as defendants were auditor American Express Tax & Business Services and fund administrator Trident Financial Services.
March 03, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Seward & Kissel is facing legal malpractice claims over its role as adviser to failed hedge fund Wood River Partners.
A group of institutional investors led by the Edison Fund Ltd. charged the law firm, the fund’s auditors and financial professionals share responsibility for alleged fraud at the fund and investors losses estimated at $200 million.
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