A former client of Jenkens & Gilchrist has sued the firm in New York federal court, alleging malpractice and breach of contract in connection with the firm's work on a reverse merger in 2004. Tactica International, a New York distributor of personal care products, claims that Jenkens' negligence on the merger caused Tactica's stock price to drop and ultimately forced it to file for bankruptcy. Tactica and other plaintiffs are seeking a minimum of $10 million for each of the two causes of action.
June 15, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A former client of Jenkens & Gilchrist sued the Dallas-based firm in federal court in New York on June 8 alleging malpractice and breach of contract in connection with the firm’s work on a reverse merger in 2004.
The former client alleges in Tactica International Inc., et al. v Jenkens & Gilchrist that Jenkens’ negligence on the merger caused its stock price to drop and ultimately led to financial difficulties that forced it to file for bankruptcy.
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