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Bryan Cave sued for alleged malpractice in New York

A New York stock lending group has sued Bryan Cave for legal malpractice, claiming Bryan Cave lawyers helped a former managing partner steal trade secrets and form a competing company. The suit, filed June 29 in the Manhattan-based federal court, also claims Bryan Cave charged the company, American Institutional Partners, for its legal work in forming the competing company, Talos Partners. Pelican Equity, which owns the rights to AIP, paid Bryan Cave for that work, according to the suit.

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