Mortgages Ltd. Successor Sues Greenberg For Malpractice

Law360, New York (April 26, 2011, 7:45 PM EDT) -- The liquidating trust and the successor company created in the bankruptcy of loan servicer Mortgages Ltd. have accused Greenberg Traurig LLP and one of its partners of malpractice in a lawsuit the firm removed to Arizona federal court Monday.

Greenberg Traurig and Phoenix-based corporate shareholder Robert S. Kant knew that Radical Bunny LLC was running afoul of securities laws as it raised some $140 million to invest in loans originated by Mortgages Ltd, now called ML Servicing Co. Inc., according to ML Servicing's complaint, initially lodged...
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