Jury Slams DLA Piper With $1.3M Negligence Verdict

Law360, New York (February 28, 2012, 10:04 PM EST) -- The former majority shareholder of defunct security technology company IdentiPHI Inc. won a $1.29 million jury verdict Thursday against DLA Piper, whose allegedly negligent advice on a bridge loan to the company left him with an unsecured claim and little hope of recovery in IdentiPHI's subsequent bankruptcy.

A jury in Austin, Texas, found DLA Piper 90 percent responsible for plaintiff Chris Linegar's loss of about $1.7 million he had loaned to IdentiPHI from his personal accounts. Though Linegar had requested that the loan be secured, he...
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