A tentative settlement has been reached on behalf of CashCall, Inc. in a major legal malpractice lawsuit against Katten Muchin Rosenman LLP. Keller/Anderle LLP, attorneys for CashCall, had previously filed a $950 million lawsuit in 2017 and the case was set to begin trial on August 16th.
Keller/Anderle, along with attorneys for Katten Muchin Rosenman, filed an August 6th stipulation and proposed order with the Orange County Superior Court that calls for vacating the trial and all scheduled hearings, and staying the case for 21 days. The stipulation says that the parties have reached a settlement in principle, and that additional time is needed to formalize the settlement and prepare the necessary documents. The settlement is confidential.