Tuesday, October 26, 2010

Apparent Law Firm Conflict Results in $105 Million Malpractice Verdict Against Baker & McKenzie

A Mississippi jury just awarded a former Baker & McKenzie client a $105 million verdict:
  • "S. Lavon Evans Jr. had claimed in his Mississippi lawsuit that the law firm had represented him at the same time it represented his partner in an oil-rig drilling business, the Chicago Tribune  reports. The suit says Evans was unaware that his partner was insolvent and was using Evans’ assets to obtain millions of dollars in loans. MS Litigation Review and Commentary had early news of the verdict."
More detail via the Chicago Tribune:
  • "Cagle introduced Evans to his attorney, Held, whom Evans retained. And for the next several years, Cagle and Evans engaged in various business ventures, including construction of two drilling rigs while Held represented both men."
  • "When Evans tried to dissolve the business relationship, Cagle and his attorneys 'instituted a litigation strategy to bring Evans to his knees,' the suit alleged. Cagle and his various companies accused Evans of stealing the rigs out from under him and obtained a restraining order to intimidate Evans into handing his assets over to Cagle, the suit said."

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