A law firm previously hired by an investment bank to perform due diligence for a company’s initial public offering has no fiduciary duty preventing it from later suing that company, a divided Manhattan appellate court has ruled.
Epstein, Becker & Green had been disqualified last year from representing health-plan provider HF Management in an employment suit against a competitor, WellCare Health Plans Inc., which allegedly hired away two HF sales associates in violation of their employment agreements.
This content has been archived.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]