In a dramatic twist to an ongoing legal saga, McCarter & English LLP, a high-profile law firm, countered allegations of malpractice made by its former client, biotech behemoth Moerae Matrix Inc. In court on Thursday, the law firm dropped a bombshell: Moerae had secretly handed over its claims, or the proceeds thereof, to Argent Woods LLC, a shadowy litigation funder.
Claims and Counterclaims: The Heart of the Dispute
Moerae Matrix, a pioneer in treatments for fibrotic and inflammatory diseases, threw the first punch by suing McCarter & English and one of its ace attorneys, Beverly Lubit.
Their gripe? The law firm’s alleged improper placement of liens on Moerae’s crown jewels: its patents and intellectual property, over a disputed $800,000 in unpaid legal tabs.
The firm’s actions, Moerae contends, smeared its name in the ultra-competitive biotech arena.
McCarter & English Malpractice Suit: A Tale of Debts and Reputations
Peeling back the layers, 2022 was a year of frenzied legal battles between the two parties.
