The former partners of defunct New York law firm Hall Dickler are facing a legal malpractice suit for failing to advise a company to file for bankruptcy earlier than it did. John R. Sachs of Epstein, Becker & Green, who represents the Hall Dickler defendants, said the case could allow a federal court to consider the question of whether lawyers can be held liable for advising on transactions that worsen a bankruptcy situation.
January 12, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The former partners of defunct New York law firm Hall Dickler are facing a legal malpractice suit for failing to advise a company to file for bankruptcy earlier than it did.
The creditors’ committee of VWE Group, a Yonkers, N.Y.-based distributor of corporate greeting cards and human resources forms that filed for Chapter 11 protection in 2004, claims the lawyers advised the company to undertake a series of transactions in 2002 and 2003 that deprived the bankruptcy estate of $4.2 million.
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