Nadel Receiver Sues Holland & Knight, Alleges Failure To Root Out Fraud

9/1/2009

Holland & Knight is facing a malpractice suit filed on behalf of the court-appointed receiver trying to recover assets for investors who lost money to alleged Ponzi schemer Arthur Nadel.

Receiver Burton Wiand received court approval to sue the law firm last month, the Sarasota Herald-Tribune reports. The suit filed Monday in state court in Sarasota, Fla., names as defendants Holland & Knight and one of its Orlando partners, Scott MacLeod, who handled legal work for Nadel’s investment funds.

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