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May 22, 2006
Weil Gotshal settles the Fashion Boutique case
As predicted here almost two years ago, New York-based Weil, Gotshal & Manges settled during the latter stages of an ongoing trial the malpractice claims levied against the firm by the owners of a small New Jersey based retail clothing outlet, according to this Law.com ($) article. The colorful case -- which was prompted by Weil Gotshal suing their former clients for $2.7 million in fees -- was the subject of this earlier NY Sunday Times article.
Settlement terms were not disclosed as Weil Gotshal released a statement saying that it "settled despite its confidence in the trial outcome to avoid the cost of what would have been an inevitably long appeals process."
Posted by Tom at May 22, 2006 05:52 AM
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