Jury Lets Silicon Valley Law Group Off Hook For Malpractice

Law360, San Francisco (September 17, 2013, 5:24 PM ET) -- A California federal jury unanimously found Tuesday that Silicon Valley Law Group didn't commit malpractice when it helped a real estate investment firm negotiate its sale to Edward Okun, whose involvement in a $126 million Ponzi scheme later bankrupted the firm and earned Okun 100 years in jail.

The verdict meant a loss for 1031 Advance liquidation trustee Gerard McHale, who accused the Silicon Valley Law Group of failing to advise Janet Dashiell and Steven Allred, the investment firm's founders, that Okun had borrowed money from...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers