Lawrence Steckman Successfully Defends Law Firm Sued For $50M Fraud Suit

CONGRATULATIONS to EVW partner Lawrence Steckman who acted as defense/appellant’s counsel to an opinion-counsel law firm in action seeking $50 million actual, out of pocket damages for an alleged fraud-induced loan. Reversing the trial court, the First Department held that the complaint, which had alleged the law firm’s opinion recklessly mis-stated material facts, including the identity of its client, failed to state a claim for fraud, negligence or breach of fiduciary duty, directing dismissal of all claims.