Update: This article has been updated to reflect that Sedgwick’s attorney, Peter Stone, a partner at Paul Hastings in Palo Alto, Calif., declined to comment. Also, the article has been corrected to reflect that Sedgwick is not the only law firm facing malpractice claims associated with Medical Capital Holdings. On June 6, the receiver for Medical Capital sued Thomas Fazio, now at Blocnick Fazio & Associates in Garden City, N.Y., who was former general counsel and executive vice president of Medical Capital. The receiver also has instituted an arbitration for malpractice against Manatt, Phelps & Phillips, according to an attorney knowledgeable about the case. Neither Fazio nor Manatt’s attorney, Alan Weil, of Gaims, Weil, West & Epstein, responded to requests for comment.
A federal judge has trimmed claims worth $36 million from a $200 million malpractice case against Sedgwick LLP, throwing out allegations brought by the receiver of a failed Ponzi scheme in California related to two allegedly fraudulent loans.
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