Investors' Lawyer Says $750M Suit Could 'Bankrupt' Duane Morris

, The Am Law Daily

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Plaintiffs in a 2-year-old lawsuit against Philadelphia’s Duane Morris filed an amended petition that ups their damage calculations to over three-quarters of a billion dollars, according to Houston lawyer Tony Buzbee, who represents the investor group behind the suit.

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What's being said

  • lellyseverrer

    If you want a 100%legit, no scam trading course, just Google Superior Trading System. Through them I am earning more now. It‘s the best thing that ever happened to me even.

  • Jeffrey Spangler

    Doesn‘t a Limited Liability Corporation make bankruptcy rather unlikely? I personally favor unlimited personal liability of all partners, as in the Lloyd‘s of London syndicate, where underwriters are liable "down to he last gold cufflink". After the collapse of accountants Laventhol & Horwath in Philadelphia for "wink-and-nod" fraudulent audit reports, everyone started leaning on their state legislators for an LLP form of business which would allow the same shady behavior but let the crooks keep their cufflinks. What‘s so unfair about holding all partners personally liable with internal compliance duties like other corporations?

  • UnCoverUp

    Apparently Wally Jefferson "...now of Austin’s Alexander Dubose Jefferson & Townsend..." will fraudulently opine anything if the money is right--work he did for less money but more prestige (a career advancement) while on the corrupted pay-to-play Texas Supreme Court. For Jefferson‘s role in subverting the investigation into citizen complaints that Texas appellate justices Martin E. Richter and David L. Bridges conspired in the writing of fraudulent opinions in quid pro quo for things of value from Baron & Budd, PC and Gardere, LLP see scribd.com/document/155127415/Texas-SCJC-Memo and scribd.com/document/77638195/Opinion-on-Remand-by-David-L-Bridges-June-23-2003. Maybe POTUS Trump‘s DoJ can finally "lock them up."

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