Dilworth Paxson Again Seeks Dismissal of Federal Suit Alleging Role in Bond Fraud
A Dilworth Paxson partner's role as bond counsel for an ill-fated investment scheme is at the center of a case brought by the Chicago Transit Authority Retiree Health Care Trust.
December 29, 2020 at 02:26 PM
5 minute read
The original version of this story was published on The Legal Intelligencer
Attorneys for Philadelphia-based midsize law firm Dilworth Paxson asked a federal court last week to toss out a complaint by the Chicago Transit Authority Retiree Health Care Trust, which claims the firm played a role in defrauding it, other investors and a Native American tribal entity of tens of millions of dollars.
The health care trust sued Dilworth in October 2019 in the Circuit Court of Cook County in Illinois in an effort to reclaim more than $4 million in funds invested in bonds issued by Wakpamni Lake Community Corp., a tribally chartered corporation associated with the Oglala Sioux Tribe. The complaint was removed to the U.S. District Court for the Northern District of Illinois the next month.
But Dilworth has contended in its latest filing that the firm "had nothing to do with plaintiffs' investment" and that "Dilworth also never represented plaintiffs and had no other duty to them." The firm previously sought dismissal of the case, which U.S. District Judge Mary Rowland denied in a Nov. 2 order.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDOJ: TD Bank Agrees to Pay $3B Over Anti-Money Laundering Program Violations
2 minute readDOJ's Visa Antitrust Suit Hands Class Action Lawyers New Line of Attack Against Payments Giant
Covington, Steptoe Form New Groups Amid Demand in Regulatory, Enforcement Space
4 minute readFederal Lawsuit Seeks $400M In COVID-19 PPE Commission Revenues to Be Handed Over
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2GlaxoSmithKline Settles Most Zantac Lawsuits for $2.2B
- 3BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 4Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 5Inside Track: Late-Career In-House Leaders Offer Words to Live by
Who Got The Work
Nicholas M. DePalma and Christian R. Schreiber of Venable have stepped in to represent CP Management Services, CRS RB4 Holdings and other defendants in a pending breach-of-contract lawsuit. The suit was filed Aug. 30 in Virginia Eastern District Court by Greenberg Traurig on behalf of Daito Kentaku USA. The case, assigned to U.S. District Judge Claude M. Hilton, is 1:24-cv-01538, Daito Kentaku USA, LLC v. Comstock Partners, LC.
Who Got The Work
Wyatt, Tarrant & Combs partner Andrew J. Pulliam has entered an appearance for Steve Jensen in a pending breach-of-contract lawsuit. The action, filed Aug. 30 in Tennessee Middle District Court by the Law Office of Perry A. Craft on behalf of Timothy Robins, accuses the defendant of writing a worthless check for over $94,000 for the sale of auctioned goods. The case, assigned to U.S. District Judge Eli J. Richardson, is 3:24-cv-01064, Robins v. Jensen et al.
Who Got The Work
Lane Powell shareholder Pilar C. French has entered an appearance for Penney OpCo LLC in a pending consumer class action. The complaint, filed Aug. 26 in Oregon District Court by Hattis & Lukacs, alleges that the company markets fictional discounts for certain products. The case, assigned to U.S. Magistrate Judge Mustafa T. Kasubhai, is 6:24-cv-01414, Gamble v. Penney OpCo LLC.
Who Got The Work
Donald L. Carmelite and Coryn D. Hubbert of Marshall Dennehey have stepped in to defend the City of York, Detective Roland Comacho and Detective Lisa Daniels in a pending civil rights lawsuit. The complaint, filed Aug. 27 in Pennsylvania Middle District Court by Levin & Zeiger on behalf of Noel Matos Montalvo, seeks damages for the amount of time that Montalvo was incarcerated over five years for the exonerated killing of his common law wife. The case, assigned to U.S. District Judge Jennifer P. Wilson, is 1:24-cv-01459, Montalvo v. City of York, et al.
Who Got The Work
Joseph M. Englert, Brian E. Pumphrey and M. Laughlin Allen of McGuireWoods have entered appearances for Bank of America NA in a pending class action. The action was filed Aug. 26 in Georgia Northern District Court by Podhurst Orseck; Webb, Klase & Lemond; Crabtree & Auslander; and Morrison + Associates on behalf of the representative of the beneficiaries of the Arthur N. Weinraub Trust, a trust which contains residential real property. The suit accuses the defendant of overcharging the trust by selecting unnecessary and/or excessively priced insurance for the property. The case, assigned to U.S. District Judge Thomas W. Thrash Jr., is 1:24-cv-03780, Weinraub v. Bank of America, N.A.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250