International gas shipping company Eletson Holdings Inc. accused Reed Smith LLP of conspiring with former company insiders to frustrate a court-approved reorganization plan, saying multiple criminal statutes were violated.
Reed Smith and partner Louis Solomon helped former Eletson officers and directors “engineer an end-run around” governing contracts and federal law to keep control of the company’s fleet of vessels and “sabotage a court-approved Chapter 11 reorganization,” according to an amended complaint filed Tuesday in the US Bankruptcy Court for the Southern District of New York.
By concealing evidence and falsifying court documents, the law firm and its head of international ...
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