Law firm is closing down in wake of claimed thefts by former president, attorney says
An Iowa law firm remains open following multiple allegations of wrongdoing against its deceased former president.
However, that is largely so that the firm can resolve the claims it is facing from former clients, according to attorney Greg Lederer, reports the Waterloo-Cedar Falls Courier.
“I think it is fair to say that lawyers who have been practicing at Gallagher, Langlas and Gallagher have departed the firm and are practicing elsewhere. And I think it’s fair to say that at some point in the future, there will be no lawyers practicing at the law firm,” said Lederer, who is representing Gallagher, Langlas and Gallagher.
The firm listed 10 lawyers on its website in September, when former president David Alan Roth, 51, committed suicide. Roth is accused of having stolen millions of dollars by misappropriating settlement proceeds and persuading clients to put their money into investment schemes, unbeknownst to others at the firm, the newspaper reports. Multiple malpractice lawsuits are being pursued and in a filing earlier this month, the firm said there could be as many as 85. Roth allegedly used money he was supposed to invest for his own benefit.
Meanwhile, the firm’s insurance carrier is pondering a possible policy revocation due to claimed misrepresentations by Roth when the renewed the coverage.
Hat tip: Associated Press.
Related coverage:
KWWL: “FBI investigating Waterloo attorney for missing client money”
KWWL: “More filings today bring David Roth claims to $4M”
Waterloo-Cedar Falls Courier: “Firm backs out of Roth cases, new claims filed in estate”
Waterloo-Cedar Falls Courier: “Bodee Peterson’s parents file claim against Roth estate”
