Ballard Spahr wins suit over disgruntled competitor
June 11, 2008
Ballard Spahr Andrews & Ingersoll (which, of course, has an office here in Charm City) emerged victorious this week from a lawsuit filed in Pennsylvania by a man who claimed the firm breached its financial duty to him.
Saul Epstein sought $17-30M in lost profits and punitive damages, after (he said) the firm shared his business plan with a competitor, who sought funding from the same source he did – Crusader Bank, a Ballard Spahr client. ABA Journal reports that Epstein claimed the law firm “sabotaged” his deal with the bank while promoting the competitor.
The Legal Intelligencer reports that a former Crusader executive testified the bank “never had any interest in doing business with Epstein.” Ouch.
JACKIE SAUTER, Web Editor
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