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.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.