Holland & Knight Sued over Legal Work for Alleged Ponzi Schemer
Holland & Knight is facing another lawsuit over its legal work for alleged Ponzi schemer Arthur Nadel.
Several investors who lost about $4.5 million in funds overseen by Nadel claim in a state court lawsuit filed last week that offering documents prepared by the firm failed to mention important information, the American Lawyer reports. The private placement memos didn’t disclose that Nadel was disbarred in the 1980s, the suit says, and some of the documents didn’t make clear that an accountant for the funds was not a certified public accountant.
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