Pangea Hits Cohen & Gresser With $10M Malpractice Suit

Law360, New York (May 13, 2013, 4:52 PM EDT) -- Boutique law firm Cohen & Gresser LLP was hit with a $10 million legal malpractice suit Friday in New York state court alleging it concealed a conflict of interest during its representation of Pangea Capital Management LLC in an acquisition.

The lawsuit comes nearly a year after Pangea shareholders hit high-profile company partner John Lakian with a $20 million suit for allegedly diverting $8 million to a company he treated as his “personal piggy bank” and subsequently “ran into the ground.” Cohen & Gresser served as...
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.