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Home / Opinion Digests / No Legal Malpractice Claim for Securities Law Advice (access required)

No Legal Malpractice Claim for Securities Law Advice (access required)

Although plaintiff investment businesses allege defendants’ faulty advice on securities law has exposed them to state and federal investigations and possible disgorgement of capital, a Richmond Circuit Court says plaintiffs have not stated a claim for legal malpractice because they have not alleged lost profits. Plaintiffs, a firm and its subsidiaries, sue an attorney and his ...

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