Greenberg Accused Of Aiding RE Fund’s Fraud Scheme

Law360, San Francisco (September 09, 2013, 8:06 PM ET) -- Greenberg Traurig LLP was hit Friday with a malpractice suit in California by the trustee of a bankrupt mortgage fund who claims the firm breached its fiduciary duty and abetted fraud by helping the fund's managers bypass the restrictions of a Wells Fargo & Co. loan.

The lawsuit, filed by Mortgage Fund '08 trustee Susan Uecker, claims that when Mortgage Fund's predecessor, RE Loan, faced severe debts in 2007, the family that ran the real estate investment company hired Greenberg Traurig for help.

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