6th Circuit Tosses Ruling That Barred Proskauer Rose From Withdrawing as Counsel
27 Mar
Posted by admin as News
The 6th U.S. Circuit Court of Appeals has thrown out a lower court decision that barred Proskauer Rose from withdrawing as counsel for the former chairman of Credit Bancorp even though he couldn’t pay his legal bills. The three-judge panel ruled on Tuesday that the New York-based law firm was not obligated to defend Richard Blech in a civil suit stemming from his guilty plea to securities fraud in 2003 that allegedly bilked investors out of $210 million. He was sentenced to six years in prison.
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