A former Nixon Peabody partner caught up in a Securities and Exchange Commission investigation of a former client’s alleged securities fraud sued the firm this week, claiming Nixon made him a scapegoat in the matter and took most of his $1.5 million book of business out from under him.
The lawyer, David Tamman, was cited by the SEC in January for his role in the alleged investment scam, alleging that in early 2009, Tamman altered and falsified documents that Beverly Hills–based NewPoint Securities used to hide the fact that investments billed to investors as “low risk” were actually being used to construct a mansion for the company’s co-owner.
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