Cadwalader, Wickersham & Taft exercised due diligence while advising an investor about securitized commercial mortgage loans, the Court of Appeals ruled Thursday, dismissing the last remaining claim in a legal malpractice suit against the firm.
October 23, 2015 at 08:00 AM
1 minute read
ALBANY – Cadwalader, Wickersham & Taft exercised due diligence while advising an investor about securitized commercial mortgage loans, the Court of Appeals ruled Thursday, dismissing the last remaining claim in a legal malpractice suit against the firm.
The court concluded in the 6-0 decision that no triable issues of fact exist against Cadwalader in the action brought by the Nomura Asset Capital Corporation and the related Asset Securitization Corporation.
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