Crowell & Moring Sued Over $1M In Missing Escrow Funds

Law360, New York (November 18, 2011, 5:42 PM EST) -- Crowell & Moring LLP is facing its third suit — a $1 million breach of contract action filed by a real estate company Wednesday in New York — stemming from detained former attorney Douglas Arntsen's alleged theft of escrow funds.

BCN 16th St LLC, which had deposited $1 million in escrow held by the law firm after agreeing to buy a Manhattan property from Crowell & Moring's client, accused the firm of failing to maintain adequate checks and controls over escrow accounts to prevent theft by...
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