$1.6M Securities Fraud Suit On Ice Amid Atty Ethics Claims

Law360 (November 20, 2020, 5:22 PM EST) -- Alleged conflicts of interest and ethics violations by Busch Slipakoff Mills & Slomka LLC in a $1.6 million securities fraud suit persuaded a Georgia federal judge to halt the litigation Friday while he considers motions for sanctions against the firm and dismissal of the case.

The Atlanta-based firm is representing Georgia private equity fund Berkeley Ventures LLC in a suit alleging mobile consumer services company Sionic Mobile Corp. used fraudulent misrepresentations and omissions to induce the fund to buy 800,000 shares for $1.6 million in December 2017.

Sionic says Busch Slipakoff founding partner Adam M. Slipakoff represented Sionic and its board member...

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