Weil Gotshal Sued for Malpractice
A Dallas businessman contends in a lawsuit that Weil, Gotshal & Manges took advantage of him to reduce his interest in a deal while he was being treated for cancer.
David Radman contends in his malpractice suit that the firm and two of its Dallas partners conspired with Radman’s business partner to lessen Radman’s interest in the acquisition of a credit union, Texas Lawyer reports.
The named law firm partners are Michael Saslaw and Robert Feldman.
Radman claims he and the business partner were to share equally in the deal. But while Radman was being treated for melanoma, the law firm restructured the deal to give him a 5 percent interest, with the option for another 2.5 percent, and a $250,000 arrangement fee for brokering the deal.
Radman says he rejected the deal and ended up receiving nothing.
Radman says he signed the engagement letter with Weil Gotshal on behalf of a company he founded and ran, and that he was still a client during the acquisition negotiations.
Glenn West, managing partner of Weil Gotshal’s Dallas office, denies Radman’s allegations.
“The facts are simply not as alleged,” West told Texas Lawyer. “We’re confident when the actual facts are presented, it will be clear that the firm acted appropriately under the given circumstances.”
