Failed Ch. 7 Sparks $4.4M Malpractice Suit Against Porzio

Law360, New York (September 17, 2012, 6:17 PM EDT) -- The former owners of Armanti Financial Services LLC have sued Porzio Bromberg & Newman PC in New Jersey for more than $4.4 million over a dismissed involuntary bankruptcy petition against Apollo Health Street Inc., which purchased the health care administrative services company in 2008.

The plaintiffs — who had accused Apollo of breaching payment, licensing and lease agreements — contend Porzio attorney Warren Martin Jr. improperly advised them to file the involuntary Chapter 7 petition in 2011 without performing the necessary due diligence over Apollo's financial...
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