A District of Columbia Law Firm
A closely-held business (the Plaintiff) attributed its bankruptcy and demise to
its law firm's (the Defendant) alleged breach of fiduciary duty, while
representing it in a dispute with a financing company. The Plaintiff requested
damages far in excess of the Defendant's professional liability insurance limit.
Hired by the Defendant's law firm, Walker & Company, LLP, had to prove that the
owner contributed to working capital shortages. We meticulously gathered,
reviewed, and analyzed countless banking documents and company records before
uncovering crucial financial information that disproved the Plaintiff's
assertion that its present and future market value had been lost. Walker &
Company's findings allowed the Defendant to reach a settlement that fell
within the limits of its professional liability coverage and saved it from a
legal responsibility that would have terminated its operations.