A Pennsylvania company has filed a nine-count complaint against its longtime outside general counsel, Squire Patton Boggs, over allegations the firm was conflicted in representing the company and its sole founder and allegedly helped that founder inappropriately benefit from the company’s stock plan to the tune of millions of dollars.
In Alliance Holdings v. Squire Patton Boggs, filed in the Eastern District of Pennsylvania on Oct. 10, Alliance and the trustee of its employee stock ownership plan said Squire Patton helped Alliance founder David Fenkell have nearly exclusive control over the company’s operations from 1995 until he stepped down in 2012. During that time, according to the complaint, Squire Sanders—which has since merged and become Squire Patton Boggs—represented a personal company of Fenkell’s that allegedly profited from Alliance. Squire Patton also represented other entities doing business with Alliance that allegedly paid what Alliance described in the complaint as “kickbacks” to Fenkell’s personal company rather than those fees going to Alliance.
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