A group of property owners has brought a legal malpractice suit against Herrick, Feinstein and two firm partners, claiming their advice on claiming deductions on a donation has led to an expensive dispute with the Internal Revenue Service. The plaintiffs, including IG Second Generation Partners, Normandy Management Co. and Mecox Partners, filed suit in Manhattan Supreme Court against the firm, Michael Kessel, a tax partner, and Dennis Russo, co-chair of Herrick’s real estate department. The plaintiffs are seeking more than $550,000 in damages for each cause of action, including legal malpractice and breach of fiduciary duty.
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