According to the complaint, Baker & McKenzie hired Weisberg as a partner in 2005 solely because of the fees he would bring to the firm through his relationship to IEAM and its former CEO John Mazzuto. The complaint states that Weisberg and his former firm had numerous conflicts of interest that were not disclosed to the plaintiffs, and that the defendants violated “ethical rules by participating in the looting of IEAM–a looting that could not have occurred without defendants’ legal expertise.”
Plaintiffs claim that Weisberg and Baker & McKenzie “knowingly drafted false documents with the express purpose of duping the investing public and regulators acting on their behalf.” The two defendants allegedly used stock plans to reward themselves and their coconspirators in the scheme, according to the complaint. The civil suit also states that “Baker did not merely assist or participate in the fraud, it actually conceived the engine that drove it.”
This content has been archived.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]
