The leader of Troutman Sanders’ real estate investment and capitalization practice in New York is claiming a victory of sorts in a $14 million settlement of claims by the Department of Justice that he arranged $50 million in kickbacks for an Atlanta-based nursing home company in which he and his brother are major stakeholders.
In a news release, Troutman Sanders referred to a separate release by New York partner Leonard Grunstein stating that he had paid none of the $14 million and had admitted no wrongdoing; that statement has been at least partially disputed by one of his co-defendants. Troutman’s release said the firm “supports the sense of vindication that Mr. Grunstein has expressed.”
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