Venable Shouldn't Shake $11M Facebook IPO Suit, ESG Says

Law360, New York (May 21, 2013, 2:08 PM EDT) -- ESG Capital Partners argued on Monday that a legal malpractice suit against Venable LLP should stick, alleging that the law firm helped a known con man defraud the investment manager of $11.2 million by falsely promising to secure ESG pre-IPO Facebook shares.

The investment manager fired a response on Monday to Venable's bid to dismiss the case earlier this month, arguing that the firm and its former partner, David Meyer, knowingly aided Troy Stratos in creating a false identity, “Ken Dennis” and a fake holding company,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

ESG Capital Partners LP v. Troy Stratos et al


Case Number

2:13-cv-01639

Court

California Central

Nature of Suit

Securities/Commodities

Judge

Otis D. Wright, II

Date Filed

March 7, 2013

Law Firms

Companies

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.