The plaintiffs sued the defendant law firm for professional negligence arising from advice given during a share purchase transaction.
The plaintiffs alleged the law firm failed to properly advise them on the risks associated with a pending wrongful dismissal lawsuit against the target company, resulting in a liability that exceeded the negotiated indemnity.
The defendant law firm moved for summary judgment to dismiss the action.
The court granted the motion, finding that the plaintiffs failed to establish a breach of the standard of care without expert evidence, and failed to prove that the alleged negligent advice caused their damages.
