A legal malpractice claim brought by Russian investor Igor Mikhaylov against the law firm Bilzin Sumberg was dismissed by a Miami-Dade Circuit Judge. Mikhaylov alleged that the firm’s negligent and incompetent representation in drafting real estate agreements allowed his venture partner to defraud him of a $16 million investment. Judge Michael Hanzman ruled in favor of Bilzin Sumberg, finding that the lawsuit was filed beyond the two-year statute of limitations. The court determined the clock started when the investor first suffered from the alleged malpractice, not when damages were finalized in a separate, ongoing bankruptcy case.
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Originally published by Lidia Dinkova | Oct 21, 2020 | Law.com
