Real Estate/Development
Sep. 21, 2010
Firms Are Blamed for Bad Real Estate Deals
Lawyers say investors are just trying to find another party from which to recoup huge losses from commercial real estate deals gone bust during this recession.
By Richie Duchon
Daily Journal Staff Writer
Law firms increasingly are the target of lawsuits by investors trying to recoup huge losses from commercial real estate deals gone bust during the recession.
"For transactions that may have gone bad for economic or other reasons, law firms have become predictable, perceived deep-pocket targets," said Kevin Rosen, chairman of Gibson Dunn & Crutcher's malpractice defen...
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