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Law Practice

Mar. 14, 2015

Sedgwick settles $200 million malpractice case over Ponzi scheme

Sedgwick LLP has reached a confidential settlement in a $200 million-plus legal malpractice action challenging its representation of a group of companies that pulled off the biggest Ponzi scheme in Orange County history.


By Don J. DeBenedictis


Daily Journal Staff Writer


Sedgwick LLP has reached a confidential settlement in a $200 million-plus legal malpractice action challenging its representation of a group of companies that pulled off the biggest Ponzi scheme in Orange County history.


Sedgwick attorneys represented Medical Capital Holdings Inc. and several subsidiaries in writing loans to medical providers and other businesses. The loans arguably exceeded le...

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