Law Firm Sued Over "Botched" Stock Purchase

Law360, New York (May 21, 2007, 12:00 AM EDT) -- A California company is suing its legal counsel, claiming the New York-based law firm assigned to its case an incompetent attorney who botched a stock transfer agreement that led to lawsuits by investors.

The natural fiber products maker, BCI International Holdings Inc, is suing Edwards Angell Palmer & Dodge for $3 million, claiming the firm failed to properly train and supervise its lawyers to prevent them from providing “incompetent and unethical legal services.”

In a complaint filed Thursday in the Manhattan district court, BCI claims Edwards...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.