A loss before the U.S. Supreme Court has led to an unusual legal malpractice suit against McGuireWoods. Ideal Steel Supply was the losing party in the ruling, which sharply limited third parties' ability to bring civil claims under RICO. Ideal said McGuireWoods botched the case by pursuing a "unique and novel" but ultimately "inappropriate" civil RICO claim. A New York judge has dismissed the RICO-related claim but let Ideal go forward with claims that McGuireWoods' mismanagement resulted in higher bills.
July 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A loss before the U.S. Supreme Court has led to an unusual legal malpractice suit against McGuireWoods and one of its New York partners.
Queens-based Ideal Steel Supply Corp. was the losing party in the high court’s ruling last year in Anza v. Ideal Steel, 547 U.S., a decision sharply limiting the ability of third parties to bring civil claims under the Racketeer Influenced and Corrupt Organization Act.
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