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Discipline

May 13, 2011

Receiver Sues Sedgwick For Malpractice

Sedgwick LLP has been hit with a $200 million malpractice suit over its work for accused fraudulent investment company Medical Capital Holdings Inc.


By Don J. DeBenedictis


Daily Journal Staff Writer


SANTA ANA - A court-appointed receiver is suing Sedgwick LLP for $200 million, accusing the law firm of malpractice and breach of its fiduciary duty in its representation of failed investment company Medical Capital Holdings Inc.


Medical Capital itself is locked in litigation with the Securities and Exchange Commission, which accuses the defunct Tustin-based company of losing at least $1 billio...

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