Thompson & Knight Sued Over Partner's Failed Investment

Law360, Los Angeles (November 13, 2013, 7:43 PM EST) -- Thompson & Knight LLP has been hit with a negligence lawsuit alleging one of its partners led a Texas businessman to invest in a marketing company that ended up losing money, according to a complaint filed Friday in Texas state court.

Bill J. Walls Jr. says that Wilburn McDonald, his attorney since 2001, asked Walls to invest with him in Enertel Marketing LP, an operating partnership to market a product called “SuperAll.” Walls and his company eventually invested $3.1 million as an equity partner, but found...
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