Bankruptcy Trustee Sues McDermott Will for Malpractice

A bankruptcy trustee for Saint Vincent's Catholic Medical Centers of New York has sued McDermott, Will & Emery for $1.2 billion in damages for legal malpractice, fraud and breach of fiduciary duty, charging that partners at the Chicago-based law firm "put their personal relationships and selfish economic concerns above the interests of the charitable institution they were entrusted to protect." The 75-page complaint, filed Monday in Manhattan Supreme Court by trustee Richard Gray, alleges McDermott Will put off a much-needed Chapter 11 filing to facilitate self-dealing by two other members of the hospital group's restructuring team.

Bankruptcy Trustee Sues McDermott Will for Malpractice law.com Thu, Apr 17, 2008