The insolvency administrator for German aviation company Thielert AG has sued Mayer Brown in Texas state court, alleging the firm was grossly negligent when it failed to properly file some financing documents related to an $8 million loan the company purchased from a bank. As a result of the firm's negligence, the insolvency administrator alleges, the company may not be able to recover all of the loan proceeds from the debtor. He seeks a minimum of $10 million in damages from Mayer Brown.
German Aviation Company Files $10 Million Negligence Suit Against Mayer Brown
June 8, 2009