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PHILLIPS-SMITH SPECIALTY RETAIL GROUP II, L.P. v. PARKER CHAPIN FLATTAU & KLIMPL, L. L. P.

265 A.D.2d 208 (1999)

696 N.Y.S.2d 150

PHILLIPS-SMITH SPECIALTY RETAIL GROUP II, L.P., et al., Respondents-Appellants, v. PARKER CHAPIN FLATTAU & KLIMPL, L. L. P., Appellant-Respondent, and AKIN, GUMP, STRAUSS, HAUER & FELD, L. L. P., Respondent.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided October 19, 1999.

In this action for legal malpractice, plaintiffs seek damages in connection with defendants' alleged negligence in delaying to perfect the security interest that Valley Advisors, Inc. granted to plaintiffs in consideration of a $2,000,000 loan. The IAS Court denied Parker Chapin's motion for summary judgment, concluding that it could not be determined on the motion whether Parker Chapin's actions, which, the court held, constituted malpractice, were the proximate cause of...

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