Rochester, NY. Credit: Roland/Adobe Stock Western NY Firm Seeking to Dissolve Amid Federal Lawsuit Alleging Commingling of Employee's Retirement Funds
The firm, which specialized in complex tax matters, family and civil court law, and appeals, is presently in the hands of a temporary receiver, appointed by a state court at the name partner's request.
August 12, 2024 at 05:30 PM
4 minute read
Law Firms - Small
What You Need to Know
- Western NY federal court has sued a law firm for blending employee-contributed retirement funds with general operating account.
- Weeks prior to the federal lawsuit, lone shareholder asked state Supreme Court to dissolve the firm.
- Two-year suspension of former partner left firm with a leadership crisis.
A longtime attorney seeking to dissolve a Rochester law firm for which he's the lone remaining shareholder hasn't been able to head off a federal New York lawsuit alleging a years-long practice of blending employee-contributed retirement funds with its general operating account.
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