Foley Lardner, Young Conaway Accused Of Malpractice

Law360, New York (November 2, 2010, 4:46 PM EDT) -- The trustee of an affiliate of bankrupt commercial real estate investment firm DBSI Inc. has accused Foley & Lardner LLP and Young Conaway Stargatt & Taylor LLP of not advising the affiliate of potential conflicts and not stopping an improper $700,000 transfer.

The firms allowed an improper transfer of $700,000 from a DBSI-created entity, DBSI Highlands & Southcreek Leaseco LLC, and showed a preference for DBSI over Highlands & Southcreek in bankruptcy proceedings, according to a complaint filed Monday in the U.S. District Court for the...
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