Morris Manning & Martin offices in Atlanta. Photo: John Disney/ALM Law Firm Profit in Peril as Receiver Seeks Disgorgement
But the law firm is arguing the statute of limitations bars the bankruptcy receiver's effort to disgorge its profits.
May 08, 2024 at 03:34 PM
5 minute read
What You Need to Know
- Austin-based Reid Collins & Tsai, counsel to a federal receiver, prevailed over defendant Morris Manning motion to dismiss a legal malpractice suit.
- Morris Manning represented an investment firm that ran a nationwide Ponzi scheme causing investors to lose $300 million.
- The receiver alleges the client's collapse was caused by Morris Manning's negligence and conflicts of interest.
Austin-based Reid Collins & Tsai, as counsel to a federal receiver, prevailed over defendant-law firm Morris, Manning & Martin's motion to dismiss a legal malpractice suit in South Carolina federal court.
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