Looper Reed Botched Client's Tax, Prenup Advice, Suit Says

Law360, New York (March 24, 2014, 9:51 PM EDT) -- Texas law firm Looper Reed & McGraw PC was slapped with a lawsuit in Texas state court Friday alleging the firm's attorneys gave a client bad federal tax advice that could cost the plaintiff millions and also failed to execute a pre-marital agreement for him.

Richard Raley says tax advice and representations he received from the firm — which now goes by the name Gray Reed & McGraw PC — weren't “well thought out” or “beneficial," and could require him to pay millions of dollars in...
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