Developers Hit Wolf Rifkin With $51M Malpractice Suit

Law360, New York (January 19, 2012, 8:23 PM EST) -- Wolf Rifkin Shapiro Schulman & Rabkin LLP was hit Tuesday with a $51 million malpractice suit in California state court by two real estate investment companies that claim the firm inadequately represented them in separate arbitration matters.

Manhattan Loft LLC, which is leading the suit with a $50 million claim, LADT LLC and developer Barry Shy, who manages both companies, accuse the firm of misrepresenting the number and experience of the attorneys it said would handle their legal matters, according to a complaint filed in Los...
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