Troutman Sanders Cheated Client In Merger, Suit Says

Law360, New York (July 26, 2013, 8:19 PM EDT) -- The sole shareholder of National Senior Care Inc. and Mariner Health Inc. hit Troutman Sanders LLP with a lawsuit in New York state court Thursday, accusing the law firm of gross malpractice and fraud by representing his companies and the other party in a merger.

The complaint raises allegations that Troutman and its partner Lawrence M. Levinson, also named as a defendant, "cheated and betrayed" Harry Grunstein because the firm valued another client’s business more. Because of the defendants’ malpractice, on two separate occasions, their clients...
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.