Developer's Trustee Sues Houston Firm Over Asset Transfer

Law360, New York (March 3, 2014, 5:29 PM EST) -- Houston-based Patel & Ervin PLLC was sued in Texas state court on Friday by the Chapter 7 trustee for a defunct shopping center development company who says the firm negligently allowed its owners to transfer millions in assets to avoid having the funds seized.

Trustee Rodney Tow sued the firm, formerly known as Patel & Warren PLLC, and attorney Hiren Patel, accusing the lawyer of setting up limited partnership entities into which Peterson Group Inc.’s assets would be transferred to avoid seizure for outstanding judgments obtained...
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