Posted May 18, 2012 10:53 pm CDT
A well-regarded longtime California practitioner who found he bit off more than he could chew when he took on the project of turning around a troubled consumer law firm will lose his law license for a year as a result.
According to a stipulation he signed Friday with the state bar, Kerry Steigerwalt sold multiple pieces of property in order to make partial refunds totaling about $1 million to some 800 clients, the San Diego Union-Tribune reports.
The attorney disciplinary agreement also includes two years of probation.
His Pacific Law Center was closed down in 2010.
ABAJournal.com: “Attorney’s Failed Dream of Revitalizing Pacific Law Center Leaves Angry Clients, Unresolved Cases”
ABAJournal.com: “Lawyer Behind Now-Defunct Pacific Law Center Is Facing Disciplinary Action”