Business of Law
Law Firm and Estate of John M. O’Quinn Sue Houston Lawyer Over Alleged $1.5M Investment
Posted Oct 7, 2011 12:20 PM CDT
By Martha Neil
Before Texas trial lawyer John M. O'Quinn died in an auto accident in 2009, his law firm invested $1.5 million with another Houston practitioner.
Tammy Tran promised to use the money to establish a lucrative prepaid legal services business from which Quinn's law firm was to receive a hefty profit, contends a lawsuit filed yesterday by the firm and the trustee of Quinn's estate. But, the suit says, there has been no investment and no accounting provided by Tran's business, Grace Prepaid Legal Group Inc., reports Texas Lawyer.
The suit seeks to hold Tran, described as the president and a director of GPLG, personally liable for the obligations of the business, contending that the two are operating as one.
Filed yesterday in Harris County District Court, it asserts claims for breach of contract, promissory estoppel, negligent misrepresentation, fraudulent inducement to contract, fraud, constructive fraud and breach of fiduciary duty.
"I had a wonderful relationship with Mr. John O'Quinn until he passed," Tran said in an email to the legal publication. "I cannot offer any other comment due to the pending lawsuit."
ABAJournal.com: "Attorney O’Quinn’s Estate OKs $46M Settlement With Former Clients"
ABAJournal.com: "Attorney John O’Quinn’s Museum-Quality Cars to Be Auctioned to Pay Some $50M in Debts"