An Illinois lawyer and his former firm agreed to pay $883,333 to resolve allegations that they mishandled the assets of client United Employee Benefit Fund.
The deal, announced Tuesday in the US District Court for the Northern District of Illinois, would resolve allegations that L. Steven Platt violated federal benefits law and committed professional negligence in connection with his work for the fund, which provides death benefits to employees of participating companies. The lawsuit says Platt’s legal advice was conflicted because his firm simultaneously represented a former fund trustee with adverse interests.
- Sledz said Platt improperly advised the fund that ...
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