Law firm Baker Donelson is potentially liable for investor losses in a timber Ponzi scheme through its relationship to an attorney and a lobbyist it employed, a federal court ruled.
The firm is also subject to trial on a direct claim against it for negligently retaining and supervising the two men, Judge Carlton W. Reeves said Tuesday for the US District Court for the Southern District of Mississippi.
Baker, Donelson, Bearman, Caldwell & Berkowitz PC—which has more than 700 attorneys in numerous offices, with a large presence in the southern US—also lost a bid to restrict potential damages in the ...
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