LA Firm May be Liable for Cash Grab
A Los Angeles law firm may be held liable for the conduct of one of its partners who removed bags of cash from a client’s condo, a California appeals court has ruled.
A receiver for a bankrupt company claims lawyer Robert Shapiro wanted the cash to secure his fee and post bail for a client before his assets were frozen, the Recorder reports.
Shapiro claims he was working independently when representing the client, who had been accused of defrauding life insurance investors.
Shapiro was a nonequity name partner with the firm, Christensen, Glaser, Fink, Jacobs, Weil & Shapiro.