Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Legal / Law / Pinnacle Surety Sues Manion Stigger LLP and Cooper & Elliott LLC for Fraudulent Concealment, Legal Malpractice

Pinnacle Surety Sues Manion Stigger LLP and Cooper & Elliott LLC for Fraudulent Concealment, Legal Malpractice

By frasergrace323@gmail.com on December 09 2016 | 107 Views

Construction bond firm claims attorneys secretly assisted former employees in violating employment agreement

LOUISVILLE, KY (October 10, 2016) - Pinnacle Surety, a professional surety bond agency, recently filed an amended complaint to its legal malpractice lawsuit against Manion Stigger LLP and Cooper & Elliott LLC in U.S. District Court. In the lawsuit, Pinnacle states that the law firms secretly assisted two employees against Pinnacle while the bond firm was still represented by the same attorneys. The lawsuit seeks damages against the law firms, and attorneys G. Bruce Stigger and Rex H. Elliott, for fraudulent concealment, breaches of fiduciary duties, legal malpractice/negligence, intentional interference with an employment agreement, and civil conspiracy among other claims.

In 2013, Pinnacle hired Manion Stigger and Cooper & Elliott to represent the company in a civil lawsuit brought by a third party regarding the employment of Todd Loehnert and Brian Ayres, who had been hired to open a Pinnacle office in Louisville. That case was resolved with the third party, Loehnert and Ayres continued working for Pinnacle, and the attorneys were paid for their representation of Pinnacle.

According to the amended lawsuit, while still representing Pinnacle, attorneys Stigger and Elliott began also counseling Loehnert and Ayres against Pinnacle, as the pair started a competing surety bond company with the intention of breaching their employment agreements with Pinnacle. Stigger even assisted in creating the new entity and served as its registered agent, according to the complaint.

The lawsuit further states that "all of these adverse actions against Pinnacle occurred without disclosure to Pinnacle by Defendants, while Defendants represented Pinnacle’s legal interests and owed it the highest fiduciary duties "

Though Stigger and Elliott have denied a conflict of interest, the lawsuit states that a federal judge ruled in 2014 that an attorney-client relationship existed between Pinnacle and Stigger and Elliott; and that the "Defendants were directly and materially adverse to Pinnacle." Both law firms were later disqualified from representing Loehnert and Ayres.

The lawsuit seeks damages for lost business, profits and opportunities; damage to Pinnacle’s reputation; and punitive damages among other costs.

Contact:
John P. David
888-859-6637
john@lawsuitpressrelease.com

More information on Pinnacle Surety is available at www.pinnaclesurety.com. A copy of the amended complaint is available here and at http://www.LawsuitPressRelease.com



Latest Exclusive Press Release
Airport Kiosks Market Analysis - Size, Share, Growth, Industry Demand, Forecast, Application Analysis To 2017
Importance of ERP Software System in B2B & B2C Companies
Guberman-PMC Celebrates 6 Successful Years In Business Despite Ongoing Attacks From IAF/ANAB Propagandist
LINE SCAN CAMERA & F MOUNT LENS FOR COLOR SORTER
8th International Conference on Environmental Chemistry and Engineering
Popular Press Release
Home Ministry’s Population Register Worse than Prisoner Identification
First Time Home Buyers Tax Credits STILL Available For Troops!
Best Web Hosting Service in India
Model the world with Google SketchUp 8
What Is A Phantom Right?


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet