Malpractice for Lawyers
Posted in the Top Stories in the Blogosphere Forum
Since: Sep 11
#1 Sep 1, 2011
A malpractice lawsuit for reckless and negligence professional advice by Phil Wolin by American Escrow's owners. Phil Wolin and his company were retained to represent the company and in his engagement letter outlined his role to Ďassess our escrow practicesí to make sure all applicable laws were being followed. He failed miserably and under his direction the company to disaster. The most damaging decision that will effect me and my family for the rest of my life is after we were victims of being embezzled by our former CFO Caren L. Dietz for $2.3 million and were under intense pressure on what we should do, Phil Wolin sat in his large leather chair overlooking the city of Chicago and said 'relax you have an insurance claim that will cover your loss, we do this all the time, actually we are doing one right now, you didnít steal the money. Just continue operating your business and this will all work out. Relax" Those words 'relax everything will work out' will stay with me forever because at that moment and that moment alone was where greed, ego and reckless legal advice by Phil Wolin destroyed legal logic because the only advice was to file for bankruptcy to protect my father and me and my customers. We where victims, we needed help, we where desperate, we were speaking with the FBI, the States Attorney and our attorney Phil Wolin, selfishly with a firm conviction led us to where we eventually went, assuming personally the debt of the money that was defrauded from us. He wanted to bill our company for handling the insurance claim and continued to bill us for years after that and all the way kept advising us, representing and negotiating contracts, revising our terms and conditions with our clients, communicating with our CPA, Bruce Robbins, reviewing our profit and losses, making balance sheet adjustments and not one time mentioned filing bankruptcy as a possible option. Filing bankruptcy and handing over the liability and management to a trustee would have provided the much needed protection we where in dire need of. We where victims and the only thing we knew to do was follow the advice of our lawyer, Phil Wolin an expert in the field of law. Continuing to stay the course with the hope that all will be corrected in time and if the company succeeded he would have had a longer billable business partner, he suffered no downside. He continued to bill and as long as the company was open for business he had a viable client. All along Phil Wolin knew the company was defunct and not one letter or email confirming we were in harms way, just the on going advice of 'you didnít steal the money, you have no intent, and everything will work out.í This very loose professional advice when a company you know is underwater caused by someone else and the owners who hired you are trusting their professional and personal life in your hands.
Phil led a very unprofessional and unsophisticated attempt to recoup the 2.3 M from the insurance company. He drafted the claim, led the negotiation, responsible for all communication, set up and managed in office meetings with their legal team and advised on their offer as 'this is all we are going to get, take it.' Even after the low settlement from the insurance claim he had other strategies on recouping additional money negotiating a contract with a collection company which resulted with very little success, sued the former CFO's son for money but only resulted in a settlement just enough to pay his fees. When his strategies came up short and the company was still defunct we followed his advice to sell your way out of it, you didnít steal the money. Just stay the course, everything will work itself out. Even an email from his son Jason also an attorney at the firm reconfirming donít worry Phil is very smart and will get you through this. That legal negligence and continuing to counsel me over 7 years by Phil Wolin will forever haunt me.
#2 Oct 24, 2011
Cry me a river.....what goes around comes around.
#3 Oct 25, 2011
How many more people will be harmed through inappropriate and incompetent advice and actions by so called "legal professionals" such as the attorney discussed here????.....Sadly he goes through life enjoying the benefits of his ill gotten gains while so many others have suffered due to his negligence......
#5 Mar 20, 2013
Well Derek Lurie lets get something straight here. YOU were the one who hired Caren L. Dietz as the CFO of the company, so that makes it YOUR responsibility for what happened because it was YOUR company. I was just an innocent victim here who made my payments on time and in return you kept my money & didn't pay my property taxes. Keep in mind while this was going on I was out of state dealing with my medical issues. Bottom line is that you stole money from me & so many others. You will have to answer to God one day for this. I hope your proud of yourself for being so irresponsible & hurting so many people.
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