Holland & Knight Engaged In IEA Fraud, Suit Says

Law360, New York (May 2, 2011, 6:45 PM EDT) -- Bankrupt antifreeze maker Industrial Enterprises of America Inc., two of whose former CEOs are under indictment for larceny and securities fraud, hit Holland & Knight LLP with an adversary suit Saturday in Delaware claiming the firm willfully participated in the alleged scheme.

The suit targeting Holland & Knight was one of nine adversary cases lodged by the Pennsylvania-based company and its affiliated debtors at the two-year mark in their Chapter 11 cases that seek to recover damages tied to what the suits characterize as a massive...
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