In real estate, securities, estate planning and other areas, judges are finding that lawyers owe a special duty to people who are not their clients.
It's true that lawyers owe their clients a duty of undivided loyalty.
The sentence has also been modified to make it clear the lawyer "owes his or her professional and ethical duties to the issuer as an organization."
These remaining lawyers owe no obligation to what you refer to as "New York's justice system."
Nonetheless, the lawyer still owes a duty of loyalty, and clients may feel betrayed if such information is disclosed, even if it becomes public knowledge.
I have long written and spoken against excessive secrecy along with the excessive adversariness that lawyers owe clients under our system.
"Every lawyer owes the client the best defense he can have."
In theory, lawyers are employed by and owe a duty to the corporation, which is ultimately the shareholders.
He calls the sanctions request "breathtaking" in its key claim that lawyers owe only a duty to their clients and can operate unethically toward others.
To whom did this conflicted lawyer owe fealty?