Chicago Law Firm Dodges Most Claims In Hotel Investment Suit

Law360, New York (November 29, 2012, 2:18 PM EST) -- An Illinois federal judge on Tuesday trimmed the bulk of a suit lobbed at law firm Levenfeld Pearlstein LLC by an investment fund over the firm's alleged failure to correctly distribute more than $1 million the fund had put into escrow with Levenfeld for a hotel investment.

Siding with the Chicago-based Levenfeld that there was not a proper escrow agreement in place to breach, U.S. judge Samuel Der-Yeghiayan dismissed five of six claims that TCC Historic Tax Credit Fund VII LP had lodged against it, as...
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