Appellate Law, Client Outcomes

Ritchey v. Nations, No. 1-04-3889 (1st Dist. 2006)

May 6, 2006

(Unpublished Illinois Appellate Court decision which affirmed jury verdict in favor of defendant law firm.  The law firm was charged with malpractice stemming from its representation of former client in the sale of an internet business. The former client charged that the law firm failed to provide for a “cashless exercise” of securities that were given in exchange for the business, thereby triggering a one-year holding period under applicable securities laws before the securities could be sold. After a two-week trial, a jury returned a “not guilty” verdict that was later upheld on appeal).

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