Willkie Farr & Gallagher has vowed to “vigorously” defend itself in a legal malpractice action brought by real estate investor David Lichtenstein claiming the firm inappropriately advised him to put into bankruptcy a company he once led. In the suit claiming $104 million in damages, Lichtenstein also accuses the firm of switching sides to represent a bank.
Lichtenstein, chairman and CEO of real estate company Lightstone Group, claims he retained Willkie partners Marc Abrams and Matthew Feldman to represent him in his role as head of hotel company Extended Stay Inc. Lichtenstein, Lightstone Holdings and investors purchased ESI in 2007. Lichtenstein and Lightstone Holdings signed personal guarantees contained in the loan documents, according to the suit, Lichtenstein v. Willkie Farr & Gallagher.
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