"and retained the prestigious firm of DLA Piper"
What are your thoughts on the pox on DLA Piper's house as a result of taking him on as a client? Doesn't it speak to their naiveté after reviewing the materials he was able to present? Or?
What are your thoughts on the pox on DLA Piper's house as a result of taking him on as a client? Doesn't it speak to their naiveté after reviewing the materials he was able to present? Or?
Still, it is bad judgment, as I see it, to take on a high-profile representation of a guy with one conviction already under his belt on what would seem to be a very opportunistic claim ("Yeah, I know innocent investors put in millions, and the company is now worth billions, but I am a ghost from six years’ past who can pull out a piece of paper saying I own more than half of it because of my $1,000 investment.") If you are going to step into this pile of whatever as a law firm, you had better do some strong due diligence to make sure it holds together. I suspect that wasn't done here, much to the firm's ultimate regret.
That said, DLA has a great reputation and the bad effects of this will prove ephemeral, especially since it high-tailed it out of there once forensics showed it had been caught with its pants down. Highly embarrassing, but nothing more.