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Suit: Blank Rome tried to ‘play cute’ in de facto merger to defraud Dickstein partners

Sixteen former partners at Dickstein Shapiro allege in a lawsuit that Blank Rome structured a merger of the two law firms as an “asset sale” to avoid repaying money in their capital accounts. The former partners say the combination is a de facto merger and they are owed $4 million, the Recorder reports. The suit was filed Wednesday in Los Angeles superior court. Blank Rome acquired more than 100 Dickstein Shapiro lawyers in February 2016, leading to the dissolution of Dickstein.

Read the source article at abajournal.com

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