Crain Caton Settles Malpractice Suit Over Bad $4.5M Loan

Law360, Houston (February 7, 2013, 2:52 PM EST) -- A Texas court on Wednesday dismissed a foreign investor’s malpractice suit against Crain Caton & James PC after the parties settled allegations that a firm attorney knowingly allowed its former client to make a $4.5 million loan to a bankrupt real estate developer.

Judge Mike D. Miller granted a joint request to dismiss the suit, which alleged former Crain Caton shareholder Reuven M. Bisk allowed Dutch investor Paul J. Van Hessen to make the loan, knowing that the man who promised to repay it had filed...
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