Blizzard Uranium Corp v. Nathanson, Schacter & Thompson LLP
Court found defendants liable for negligence and breach of fiduciary duty: the Amended SOC contained a factual error (B Claims misdescribed as held in trust for Boss) caused by defendant counsel's failure to verify and to account for prior file materials; that error foreseeably gave the beneficial owner leverage, caused settlement complications and payments; causation established; but plaintiffs bore 50% contributory negligence for failures to detect and mitigate; court applied a $2,000,000 'but for' deduction (likely value that would have been paid for B Claims absent the error), reduced rec…
Source excerpt
- Solicitor negligence
- Breach of fiduciary duty
- Contributory negligence
- Causation
- Damages
- Settlement law