Question: On June 3 0 , 2 0 1 1 , Ward and Olivo stopped actively practicing law as W&O . Thereafter, W&O began winding up
On June Ward and Olivo stopped actively practicing law as W&O Thereafter, W&O began winding up its law practice by collecting outstanding legal fees. W&Os professional liability insurance policy expired on August and W&O did not purchase a tail insurance policy.
In October MG filed a legal malpractice complaint against W&O Olivo, and Ward alleging that Olivos legal advice harmed MGs patent rights because Olivo, among other things, failed to require that royalty rates or licensing fees be part of the settlement. In the complaint, MG further alleged that W&O and Ward were vicariously liable for Olivos acts or omissions. By the time MG filed its complaint, W&Os claimsmade policy had expired, and W&O was uninsured. Ward had no involvement in the underlying lawsuit, the settlements, or Olivos legal representation of MG
Ward contends that he is shielded from liability as a partner in an LLP and is therefore, not vicariously liable for the alleged legal malpractice of his former partner, Olivo. He thus argues that MGs complaint against him should be dismissed.
what is the ISSUE
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
