Lichtenstein Sues Willkie Over $100M Extended Stay Penalty

Law360, New York (June 18, 2012, 8:00 PM EDT) -- Willkie Farr & Gallagher LLP was sued Friday by David Lichtenstein, the former private equity owner of Extended Stay Inc., who claims the law firm's advice to put the hotel chain into bankruptcy resulted in a $100 million personal judgment against him.

Lichtenstein, whose real estate investment firm Lightstone Group LLC bought Extended Stay in 2007, alleges Willkie attorneys Marc Abrams and Matthew Feldman told him that bankruptcy was the only option for the debt-laden hotel chain, according to the complaint filed in New York state...
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