Kirschner v. KPMG
Published on:
July 23, 2010
SIFMA has submitted an Amicus “Friend of the Court” Brief
Court:
Court of Appeals
State of New York
Amicus Issue:
Whether the adverse interest exception to the in pari delicto defense is satisfied for pleading purposes simply by alleging that the plaintiff’s officers/directors acted solely for the purpose of enriching themselves, thereby negating a third party’s ability to rely on the in pari delicto defense at the motion to dismiss stage.
Counsel of Record:
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, NY 10036
Scott D. Musoff
Christos Ravanides