Ill. Firm Faces Malpractice Suit Over LA Sparks Buy Loan Talks

Law360, New York (October 29, 2012, 4:11 PM EDT) -- An investor in the company that owns the Los Angeles Sparks basketball team on Thursday hit a Chicago-based boutique law firm with a malpractice suit over loan renegotiation talks stemming from the company's purchase of the team in 2006.

In a complaint filed in California state court, Gemini Basketball Holdings LLC claimed the firm Patzik Frank & Samotny Ltd. had placed the interests of another investor before Gemini's by allegedly saying that it would represent Gemini in the loan renegotiation talks with the bank that financed...
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