Morgan Lewis Offices in Midtown Manhattan. (Photo: Ryland West/ALM) Morgan Lewis Sued as Ex-Client Alleges Conflict in Deal Work Led to Bankruptcy
"The evidence the 2017 stock purchase agreement price was too high, along with the debt the company took on, accumulated quickly after the agreement closed," the plaintiff's lawyer said.
December 09, 2021 at 11:37 AM
5 minute read
Global megafirm Morgan Lewis & Bockius is facing a lawsuit that alleges the firm and one of its partners betrayed their fiduciary duties to clients by providing legal counsel to both the purchasing and selling parties in an employee stock ownership transaction.
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