Greenberg Traurig Slapped With $10M Malpractice Suit

Law360, New York (July 18, 2011, 10:02 PM EDT) -- An American Defense Systems Inc. executive filed a $10 million malpractice and contract suit against Greenberg Traurig LLP in New York state court Friday, alleging the firm, which advised ADSI on its initial public offering, failed to lift restrictions on his stock and prevented him from selling his shares.

ADSI chief operating officer Thomas F. Cusack accused the law firm of legal malpractice and breach of contract for failing to lift restrictions on the stock certificates for the 900,000 shares he owns in the company prior...
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