A federal judge has trimmed claims worth $36 million from a $200 million malpractice case against Sedgwick LLP, throwing out allegations brought by the receiver of a failed Ponzi scheme in California related to two allegedly fraudulent loans.
Sedgwick, which was lending counsel to Medical Capital Holdings Inc., a medical receivables purchasing company that turned out to be a $1 billion Ponzi scheme, had argued that the receiver couldn’t prove its attorneys documented six of 22 loans at issue, totaling about $60 million.
