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Home / Opinion Digests / Business Law / No ‘Deepening Insolvency’ Claim for Law Firm (access required)

No ‘Deepening Insolvency’ Claim for Law Firm (access required)

Holding that neither Virginia nor Delaware would recognize a claim for “deepening insolvency,” an Alexandria U.S. District Court dismisses a Swedish law firm’s claim for breach of fiduciary duty against a defendant who allegedly failed to pay legal fees for services provided to the company, but lets another claim for fees go forward. This case arises ...

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