Stroock Faces $80M Malpractice Suit Over Soured Loan Deal

Law360, Los Angeles (October 24, 2013, 9:20 PM EDT) -- A New York condo developer filed an $80 million malpractice suit Tuesday against Stroock & Stroock & Lavan LLP, the law firm that was advising it when it defaulted on a loan for a multifamily project that had gone stagnant in 2009's dampened real estate market.

Heritage Partners LLC filed suit in New York Supreme Court alleging Stroock had assigned an inexperienced associate to handle its affairs as it slid toward default on a second mezzanine loan taken out on Tribeca Summit, a building it converted...
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