Buchanan, Ingersoll & Rooney has agreed to pay $9.8 million to settle a claim that a former partner in its Philadelphia securities department botched work on a New Jersey company’s stock transaction and failed to alert the company to the errors.
The lawyer, Stephen Cohen, now at Fox Rothschild, agreed to the settlement and a defunct firm he worked at before joining Buchanan Ingersoll contributed an additional $800,000.
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