Chicago partner Brad Andreozzi and a team of lawyers from the Chicago and New Jersey offices won an important victory for Arthur Andersen in a case that Brad argued before the New Jersey Superior Court, Appellate Division, in May. 27001 Partnership, et. al. v. BT Securities Corp., et al. was a securities fraud suit filed by various pension funds, governmental entities and other institutional investors who purchased hundreds of millions of dollars of subordinated notes issued by Bruno’s, Inc., the largest supermarket chain in the southeastern United States. The notes were rendered worthless when Bruno’s filed for bankruptcy, several years after Arthur Andersen issued its last audit opinion. The three-judge appellate panel unanimously affirmed the trial court's dismissal of the complaint as time-barred, rejecting plaintiffs' various arguments that the clock was tolled by prior class and mass action litigation that plaintiffs elected to file in Alabama before suing in New Jersey.

In addition to Brad (who argued the case at trial as well as the appeal), the team responsible for the victory included the Honorable Deborah Poritz, of counsel to the firm, who served as Chief Justice of the New Jersey Supreme Court from July 1996 to October 2006, and Chicago associates Lionel Weaver and Justin Kay.