Texas-based Virage Capital Management claims the beleaguered Philadelphia firm owes over $13 million after defaulting on a 2017 loan.
March 28, 2023 at 03:01 PM
4 minute read
Reporter
The original version of this story was published on The Legal Intelligencer
Sacks Weston has been sued by litigation funder Virage Capital Management in Texas state court for breaching a $5.79 million loan agreement.
The lawsuit, filed on March 24 in Harris County Court, amplifies the woes for the Philadelphia-based firm, which saw former name partner Scott Diamond receive a prison sentence earlier this month for stealing from the firm. At his sentencing, current partner John Weston testified that the federal charges had damaged Sacks Weston’s reputation.
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Harris County Civil Courthouse, Houston, Texas. (Courtesy photo)
