Baker & McKenzie and former partner Martin Weisberg have been sued over their alleged roles running a stock scheme that contributed to the collapse of Pittsburgh-based Industrial Enterprises of America (IEAM).

In a scathing 22-page complaint filed against the firm and Weisberg in U.S. bankruptcy court in Delaware on Monday, plaintiffs claim both defendants enabled a massive fraud at IEAM, which filed for bankruptcy in May 2009.

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