A Japanese forestry company’s US arm has accused Vinson & Elkins of legal malpractice, alleging the Big Law firm botched contractual language in a major real estate deal in Texas.
Sumitomo Forestry America Inc. and its affiliate, SFA JPI Top Holdings LLC, filed a lawsuit against the firm June 1 in Dallas County district court, seeking to compel arbitration over claims that the firm’s negligence cost it more than $30 million.
The dispute involves asset management contracts covering about 30 legacy real estate projects that Sumitomo acquired as part of a deal when it purchased the JPI real estate service ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.