Supreme Court of Georgia
Res-Ga McDonough, LLC v. Taylor English Duma, LLP
October 30, 2017
Summary
The court affirmed dismissal of RES-GA's legal-malpractice action because RES-GA lacked standing to pursue the underlying fraudulent-transfer claim and therefore could not establish that it would have prevailed absent its attorneys' alleged negligence. The court held that the state nonassignment statute was not displaced by either the Uniform Commercial Code or federal law governing the FDIC's powers, because neither source clearly extended protection to downstream assignees. All justices concurred.