Holland & Knight Nadel Work Draws Malpractice Suit

Law360, New York (May 19, 2009, 12:00 AM EDT) -- Investors who lost millions in an alleged $400 million Ponzi scheme operated by Florida fund manager Arthur Nadel have hit Holland & Knight LLP with a malpractice suit, alleging that the firm prepared offering documents for Nadel that omitted unsavory facts about his past, including that he had been disbarred.

In a suit filed May 13 in the Circuit Court of the Thirteenth Judicial Circuit in Hillsborough County, Fla., 10 investors claim that the “private placement memos” drawn up by Holland & Knight failed to state...
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