Recent Cases of Interest to Fiduciaries: July 2022

In the most recent installment of the McGuireWoods Fiduciary Advisory Services annual multipart series on recent fiduciary cases, developments in the law concerning various topics are examined through the following:

Wellin v. Farace, 2021 WL 5445968 (4th Cir. Nov. 22, 2021) (unpublished). The Fourth Circuit held that the statute of limitations for attorney malpractice did not begin when the client became aware of the attorney’s divided loyalty, and instead began to run when the client consulted with a new attorney regarding the transaction at issue.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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