A Florida attorney who recommended that his clients hire local counsel in Texas is now battling to dodge a legal malpractice lawsuit between the client and the Texas firm.
The fight arose when Riggs, Aleshire & Ray of Austin was sued, along with two other Texas firms, for allegedly failing to perfect the plaintiffs’ security interest in the asset sale. When the buyer defaulted on payments and eventually went bankrupt, the alleged mistake ended up costing more than $1 million to plaintiffs Sight’s My Line Inc. and Stewart Lantz, according to the petition in Sight’s My Line v. Riggs, Aleshire & Ray, filed in Travis County district court.
This content has been archived.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]
