Connecticut Legal Malpractice Case Highlights Risks in Loan Advisories by McCarter & English LLP
In a pivotal courtroom revelation, a Connecticut state court heard that McCarter & English LLP, along with one of its Connecticut-based attorneys, allegedly did not meet the required standard of care while advising insurers on loan transactions amounting to $20 million. According to an expert witness, these transactions failed when the borrower ceased payments, leading…