11/02/2006
Second Circuit Finds Supplemental Jurisdiction to Allow District Court to Dismiss Malpractice Action and Find Attorneys in Class Action Acted Reasonably in not Suing Arthur Andersen in Securities Suit
Achtman v. Kirby, McInerney & Squire, LLP ___ F.3d ___, 2006 WL 2720643 (2d Cir 2006)
Brief Summary
The Second Circuit Court of Appeals upheld the dismissal of two plaintiff firms from a class action malpractice suit based on their failure to name Arthur Andersen & Co. as a defendant in a fraud scheme perpetrated by the Bennett Funding Group. The court found the firms acted reasonably in not including the accounting firm in the litigation.
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