Ames Department Stores Inc. is suing Wertheim Schroder & Co., for more than $375 million, charging improprieties in its role as financial adviser in the bankrupt department store chain's acquisition of Zayre Corp.'s discount stores division in 1988.

The suit, filed by Ames and its affiliated subsidiaries in U.S. Bankruptcy Court for the Southern District of New York, charges Wertheim with "breach of fiduciary duty, professional malpractice, unjust enrichment and other improper conduct" in connection with the October 1988 acquisition of the Zayre division. Zayre now is called TJX Cos. Inc.

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