Baker & Hostetler LLP failed to advise a software company about problems with a securities purchase agreement and engaged in unethical and excessive billing, a lawsuit filed in California state court alleges.
Verb Technology Co. Inc. told Los Angeles Superior Court on Monday that Baker Hostetler served as legal counsel when it reached a securities purchase agreement governing the sale of company stock in 2019.
The firm reviewed and revised the agreement. It also advised Verb on the terms of the agreement but failed to advise it that a provision requiring the company to give notice to stock holders before ...
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