Though perhaps not the litigious mayhem of the $54 million pants guy, Mayer, Brown, Rowe & Maw is certainly getting its pants sued off. According to the New York Law Journal, a private equity group sued Mayer Brown last week for securities fraud, common law fraud, negligent misrepresentation, and—as the cherry on the lawsuit sundae—RICO violations. The suit alleges that the firm helped cover up fraudulent activity at Refco Inc., a now bankrupt brokerage firm. Check out this Legal Times article for more insight into the Chicago-based firm and its current struggles.
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