Law firm Jaffe Raitt Heuer & Weiss P.C. is going to have to face a suit over advice that it provided to a private investment firm and its executives over multiemployer pension fund liability.
A report from Bloomberg BNA says that Judge George Caram Steeh of the U.S. District Court for the Eastern District of Michigan has ruled that SSL Assets LLC and its executives may move forward to trial with its suit against the law firm. Both sides had filed cross motions for summary judgment, which the judge denied on June 30 (Cohen v. Jaffe Raitt Heuer & Weiss, P.C. , 2017 BL 227043, E.D. Mich., No. 2:16-cv-11484, 6/30/17).
SSL Assets alleged that the legal advice provided by Jaffe was not only faulty, but ended up making SSL liable for $3.9 million in withdrawal liability under the Employee Retirement Income Security Act, as well as making it invest several millions in supporting a company it had only recently acquired.
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