By: jackie.sauter

Ballard Spahr Andrews & Ingersoll (which, of course, has an office here in Charm City) emerged victorious this week from a lawsuit filed in Pennsylvania by a man who claimed the firm breached its financial duty to him.

Saul Epstein sought $17-30M in lost profits and punitive damages, after (he said) the firm shared his business plan with a competitor, who sought funding from the same source he did – Crusader Bank, a Ballard Spahr client. ABA Journal reports that Epstein claimed the law firm “sabotaged” his deal with the bank while promoting the competitor.

The Legal Intelligencer reports that a former Crusader executive testified the bank “never had any interest in doing business with Epstein.”  Ouch.

JACKIE SAUTER, Web Editor