Credit: Watchara Ritjan/Shutterstock.com Phila. Insurance Defense Firm, Ex-Partner Square Off Over Loans
Attorney Kevin Berry says Vaughan McLean owes him over $350,000 that he contributed to help the firm pay off a $2 million loan. Founder Joseph Vaughan responded that Berry's misrepresentations over his book of business caused the firm to incur $10 million in litigation funding loans.
July 12, 2024 at 03:57 PM
5 minute read
Contractual Disputes
What You Need to Know
- Vaughan McLean is facing a lawsuit from former partner Kevin Berry alleging the firm refuses to pay back over $350,000 in outstanding loans.
- The firm, however, has filed a countersuit against Berry, accusing him of fraudulently representing his book of business and inducing the firm to take on around $10 million in litigation funding loans.
- The complaint and the counterclaim offer differing accounts of the time leading up to Berry's 2017 arrival at the firm.
Philadelphia-based insurance defense firm Vaughan McLean, formerly known as Vaughn Baio, is at odds with a former partner over loans aimed at financing the firm's operations and ongoing litigation, according to a suit filed Tuesday in Pennsylvania state court and pending counterclaims.
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