Arbitration finds in favor of defense in legal malpractice case arising out of employee stock ownership plan
Plaintiffs in this matter argued that their attorney committed malpractice while providing them advice and guidance in the formation of an employee stock ownership plan. The business entities involved with operating the ESOP filed suit against Plaintiffs’ attorney as well, blaming any of Plaintiffs’ injuries on the attorney as well. Baker, Keener & Nahra represented the defendant attorney and contended that there had been no wrongdoing on his part. In October of 2013, after numerous motions and a lengthy arbitration, the arbitrator agreed and found no liability on the part of our client. Additionally, the arbitrator also awarded our client a substantial award of attorney fees and costs based on the claims brought against him by the business entities.