Bloomberg Law
May 25, 2023, 3:05 PM

Former Real Estate Attorney’s Ineffective Assistance Claim Fails

Shweta Watwe

A former real estate attorney’s argument that he his counsel didn’t ensure he understood the contents of a stipulation during his bank fruad trial and appeal failed.

Carl Palladinetti was an attorney, so “his alleged failure to grasp the consequences of the stipulation strains credulity,” Judge Virginia M. Kendall wrote for the US District Court for the Northern District of Illinois.

Palladinetti was indicted in 2013 on seven counts of bank fraud and five counts of making false statements. Before trial he stipulated to most elements of the first count, which charged him with buying a Chicago property for his ...

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