Malpractice suit against Greenberg Traurig thrown out

American Defense Systems executive sued the firm following the company’s IPO

A New York judge has tossed a $10 million malpractice suit against Greenberg Traurig.

A former executive of American Defense Systems Inc. (ADS) claimed Greenberg Traurig—the company’s securities counsel—failed to have certain restrictions removed from the company’s stock following ADS’s initial public offering in 2008. In his suit, Thomas Cusack accused the law firm of malpractice, negligence and breach of fiduciary duty. Cusack said the restrictions the firm failed to remove prevented him from selling 900,000 shares of the company’s shares.


Cathleen Flahardy

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