A recent development in an alleged $5 million investor fraud case entails a New York federal judge deciding not to instruct prestigious law firm Cadwalader Wickersham & Taft LLP to release case files concerning two former clients. These former clients claim that the withheld material is necessary for their defence against charges. The elite law firm, however, argues that they are retaining these documents due to unpaid attorney fees.
As the unfolding case suggests, companies and law professionals worldwide should be cognizant of the potential complex legal scenarios that may arise around attorney-client privilege and outstanding fees. Instances such as these highlight the intricate nature of the law and how it can influence the internal decisions of top tier law firms.
The complete details of the investor fraud case and the judge’s decision are available on
Law360.