Law360, London (January 11, 2021, 8:54 PM GMT) -- A bankrupt developer is suing Kennedys Law to recoup £6.5 million of investor cash in a client account that was misappropriated by the boss of a failed project to turn a derelict hotel into student flats, accusing the firm of negligence.
Grosvenor Property Developers Ltd. says the law firm "facilitated" a fraud scheme being run by the project's de facto director Sanjiv Varma, who is facing a prison sentence for making false statements. The project in Bristol, England, was never completed, and its liquidators have been investigating what happened.
Kennedys Law failed to carry out proper money laundering and identity checks...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!