John Kohl & Company P.c., John B. Kohl, Iii and Helen H. Kohl

Summary

The Tennessee Supreme Court affirmed the determination that the plaintiffs' legal-malpractice claims concerning retirement-account rollovers and contributions were barred by the one-year statute of limitations. The claims accrued under the discovery rule when the plaintiffs incurred an actual injury and had notice of facts linking it to the defendants' advice, which occurred no later than October 24, 1988. The Court also held that litigation fees incurred prosecuting the malpractice action were not recoverable absent a statutory or contractual basis, while initial and corrective fees could be recoverable.