03/24/2009
Law Firm Not Liable for Malpractice Because Mistake Did Not Cause Lower Damages Award
Kaminsky v. Herrick, Feinstein LLP, 870 N.Y.S.2d 1 (App. Div. 2008)
Brief Summary
A law firm that argued on behalf of a client for damages based on a post-IPO valuation of a company was not liable for malpractice, even though the proper damages calculation involved a pre-IPO valuation, because the firm’s mistake did not cause a lower damages award.
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