Troutman Helped RE Mogul Skim $40M Off Mariner Deal: Suit

Law360, New York (November 14, 2012, 5:32 PM EST) -- Troutman Sanders LLP has been hit with parallel lawsuits in Georgia and New York by former client Mariner Health Care Inc. and its owner for allegedly aiding another client, real estate mogul Rubin Schron, to siphon $40 million from a $1.3 billion Mariner merger deal.

According to the complaint filed in Georgia state court Friday, Troutman Sanders' attorneys had failed to flag to Mariner that Schron had kept $40 million that should have been paid to Mariner as part of a 2004 merger deal privatizing the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.