A New York state judge has granted Akin Gump Strauss Hauer & Feld's motion to dismiss several claims filed against it by a former hedge fund client, but has permitted a fraud claim to go forward, writes the New York Law Journal. In February, James McBride and Kevin Larson - the principals behind the Veras series of funds - sued Akin Gump for $4.4bn (£2.2bn), claiming the law firm advised them that the trading of mutual fund shares after the market close was a legal practice.
September 28, 2007 at 06:22 AM
1 minute read
The original version of this story was published on Legalweek
A New York state judge has granted Akin Gump Strauss Hauer & Feld’s motion to dismiss several claims filed against it by a former hedge fund client, but has permitted a fraud claim to go forward, writes the New York Law Journal.
In February, James McBride and Kevin Larson – the principals behind the Veras series of funds – sued Akin Gump for $4.4bn (£2.2bn), claiming the law firm advised them that the trading of mutual fund shares after the market close was a legal practice.
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