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Reserve Sues Two Law Firms for Malpractice

Reserve Management Co. Inc., a major money-market fund company which has already been sued for fraud by the Massachusetts' secretary of the commonwealth, but the two cases seem to be unrelated. Reserve claims that while being advised by Dechert LLP, from 1997 to 2002, the firm failed to inform them of new SEC regulations that made the composition of their board invalid. Reserve claims the same for K&L Gates, who advised Reserve from 2003 to 2005. After having employed new counsel and being informed their board was outside regulations, Reserve made all necessary changes, which cost them $4 million, which they are now suing Dechert and K&L Gates for, plus damages.

Baltimore
Baltimore office seeks an IT instructor with 4-6 years of experience with IT training and development or extensive experience as an end-user with Microsoft Office. The candidate de....



Daily Job Search Advice from the CEO of Law Firm Staff


Harrison Barnes, Founder and CEO, Law Firm Staff

In Defense of Long-Term Employment With a Single Employer
Harrison Barnes | Dated:03-11-2010

If you go into any employer that has been around more than twenty or thirty years, you will inevitably find a handful of people who have been there from the very beginning of their careers. These well adjusted souls will typically report to work each day at a similar time and have managed to be [...] Related posts:
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