Three unhappy investors suing developer M. Shi Shailendra over what they claim are millions of dollars in losses from failed real estate ventures also are suing his law firms and banks, alleging the lawyers and lenders should have done a better job of protecting their interests.
Their suit for malpractice and fraud against Holland & Knight, whose Atlanta office worked on several of the projects, raises a question of urgent interest to other real estate investors who lost cash and face big loan payments for projects that are underwater: Can they hold responsible the lawyers who handled real estate transactions for ventures that did not pan out?
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
