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Firm Hit With Malpractice Suit Over Stock Plan Transaction

Law360, Boston (April 13, 2018, 8:14 PM EDT) -- A Pennsylvania-based law firm that specializes in employee stock ownership plan transactions was hit with a legal malpractice suit in Massachusetts federal court Friday by Boston-based cleaning and maintenance companies that claim the botched ESOP transaction cost the companies' owner a bundle.

David Rufo and his companies, Rufo Cleaning and Maintenance Co., Maintenance Resource Co. Inc. and RCM Services Inc. filed suit against the Pennsylvania firm and an attorney who is now based in New Hampshire, claiming several errors resulted in tens of thousands of dollars...
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