Firm Sues Tax Lawyer’s Estate
Squire, Sanders & Dempsey has filed a lawsuit to recover a loan against the estate of tax lawyer Sherwin P. Simmons.
The suit filed in February in Miami-Dade Circuit Court seeks $73,000, claiming it is the outstanding amount on a $230,000 loan made in 2001, the Daily Business Review reports.
Simmons, a prominent lawyer in the ABA, died last year at age 75. He had chaired the ABA Section of Taxation and its Commission on Multidisciplinary Practice.
Steel Hector & Davis made the loan to Simmons, who was experiencing financial problems, while he was a nonequity partner there, the suit says. In 2005, Squire, Sanders & Dempsey acquired Steel Hector, and Simmons moved to a different law firm.
Lawyer Eric J. “Tate” Taylor of Tampa, who represents the estate, calls the lawsuit disappointing. He told the newspaper his clients believe Simmons did not owe any money.
