Law firm Jaffe Raitt Heuer & Weiss P.C. is going to have toface a suit over advice that it provided to a private investmentfirm and its executives over multiemployer pension fundliability.
A report from Bloomberg BNA says that JudgeGeorge Caram Steeh of the U.S. District Court for the EasternDistrict of Michigan has ruled that SSL Assets LLC and itsexecutives may move forward to trial with its suit against the lawfirm. 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 Jaffewas not only faulty, but ended up making SSL liable for $3.9million in withdrawal liability under the Employee Retirement Income Security Act, aswell as making it invest several millions in supporting a companyit had only recently acquired.
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