Large Firms
Jul. 27, 2010
Firm Sued Over Bad Bond Advice
The City of Huntington Park's public financing authority is suing the law firm Best Best & Krieger, alleging legal malpractice for bad municipal bond advice that cost the city $5 million in tax penalties that it cannot afford to pay.
Daily Journal Staff Writer
The City of Huntington Park's public financing authority is suing the law firm Best Best & Krieger, alleging legal malpractice for bad municipal bond advice that cost the city $5 million in tax penalties that it cannot afford to pay.
The sum is significant for the largely working-class city with an annual budget of just $28 million, and the loss has "shaken the financial fo...
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