National Benevolent calls its bankruptcy a "disaster," sues its own law firm
Now, millions of dollars and a couple of years later, the lawsuit filed last week by attorneys for the National Benevolent Association (NBA) against law firm Weil, Gotshal & Manges makes allegations that if proven, confirm some of the worst fears about what happened to the non-profit.
First we heard that Cain Bros. was allegedly wining, dining, hoteling and limosine-riding away the assets of the 119 year-old charity.
Now, it may turn out the whole bankruptcy was a sham to generate fees for the lawyers and consultants. All financed by money given by good church folks for the purpose of helping children, the elderly, the disabled, and others in need.
Weil Gotshal, meanwhile, brags on its web site that it was recently named "Law Firm of the Year" among bankruptcy firms in 2004 by Chambers and Partners.
Isn't there a special corner of hell, or at least, heck, available for these folks to roast in?
First we heard that Cain Bros. was allegedly wining, dining, hoteling and limosine-riding away the assets of the 119 year-old charity.
Now, it may turn out the whole bankruptcy was a sham to generate fees for the lawyers and consultants. All financed by money given by good church folks for the purpose of helping children, the elderly, the disabled, and others in need.
Weil Gotshal, meanwhile, brags on its web site that it was recently named "Law Firm of the Year" among bankruptcy firms in 2004 by Chambers and Partners.
Isn't there a special corner of hell, or at least, heck, available for these folks to roast in?
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