Big Law

ISN Software asks court to reopen legal malpractice claim

ISN Software Corp. is asking the Delaware state supreme court to overturn a ruling that it failed to file in time an allegation of malpractice against its lawyers.

ISN Software Corp. is suing Richards Layton & Finger in Delaware, claiming the law firm delivered advice relating to the rights of shareholders that cost the company approximately $67 million.

A Delaware Superior Court Judge found that the company should have sued within three years of RLF’s mistake in 2013. ISN Software sought legal advice in 2012 from RLF regarding the company’s options to buy back its own shares to convert from a C-Corp to an S-Corp.

Read the source article at Legal Newsline

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