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The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. Our litigators in New York and Washington, D.C. handle the most complex and demanding lawsuits, class actions, government investigations, criminal prosecutions and restructurings. Our clients include Fortune 50 corporations and other prominent companies in the financial services, investment, medical device, pharmaceutical, sports, technology, energy, media and insurance industries. Every day, we are called on by chief executives, board chairs, general counsel, investors and entrepreneurs for our unmatched trial skills, sophisticated business judgment and renowned strategic advice.

Citco Wins Dismissal of Fiduciary Breach Claims

Paul, Weiss client The Citco Group Limited and several affiliates achieved a victory when the New York Supreme Court granted their motions to dismiss claims of breach of fiduciary duty, aiding and abetting breach of fiduciary duty, conspiracy to commit fraud and unjust enrichment in their entirety with prejudice. The plaintiffs, investment funds formerly run by Alphonse Fletcher, Jr., as well as an investor in those funds, alleged that Fletcher's fraudulent schemes that led to the funds' insolvency had been made possible by Citco through the administrative and banking services it provided to the funds. Justice Eileen Bransten found that the doctrine ofin pari delictobarred the funds' claims.  

The Paul, Weiss team included litigation partner Andrew Gordon and counsel Robert Kravitz.

April 14, 2016

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