Former Client Claims Advice From DLA Piper Led to Bankruptcy

July 13, 2010 | By: Editor

Source: Law.com – Newswire
A New York corporation has sued DLA Piper, claiming the law firm failed to properly advise it in transactions and subsequent litigation with a Taiwanese company, and that the alleged negligence by DLA Piper resulted in financial losses that propelled the company into bankruptcy. Joseph DelGreco & Co. claims DLA Piper failed to advise it of the consequences of a minor default on a loan and also pressured DelGreco to let the firm withdraw as counsel on the eve of a multimillion-dollar arbitration.
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