Consumer Law

ISN Software appeals in case over law firm’s $65M mistake

A software company that unsuccessfully sued a law firm for allegedly providing about $65 million worth of bad advice during a buyout of stockholders is appealing to the Delaware Supreme Court.

In Johnston’s ruling, she granted a motion to dismiss ISN Software’s legal malpractice suit against Richards, Layton & Finger, which bills itself as Delaware’s largest law firm.

The company, ISN Software Corp., lost its suit against the law firm when Delaware Superior Court Judge Mary M. Johnston ruled that the company should have sued the lawyers before the company’s share price was finalized and while the lawyers were still representing the company. The judge ruled that a three-year statute of limitations expired prior to ISN Software filing its suit against the …

Read the source article at Legal Newsline

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