Ninth Circuit Court Ruling Rewrites Liability Rules for Law Firms in Stock Transfer Agreements
The Ninth Circuit Court of Appeals recently reversed a prior ruling in a contentious dispute involving Orrick Herrington & Sutcliffe LLP and a stock transfer agreement. This appellate decision has redefined the liability landscape for the law firm, emphasizing the intricacies of California’s equitable indemnity laws. In this case, the court determined that Orrick could…