"There's been six inches' worth of lending documents over the years," said
The complaint filed Monday minced fewer words. "Defendants owe a ridiculous sum of money to Plaintiffs and they refuse to pay."
Scherer's law firm released a statement Tuesday denying the allegations and suggesting it might countersue
"This is a complex business dispute involving relationships and transactions beyond the law firm. We intend to prove in court that any obligations between the parties have been satisfied," the statement read. "It is disappointing that after unprecedented recoveries for [
Scherer and his firm represented several investors after fellow attorney
Rothstein was eventually sentenced to 50 years in prison, and
They asked for a
"The thought was at some point that the case would end, it would be successful, Scherer would make a lot of money and we would be paid back," Turner added.
"There were some excuses and reasons" the firm provided, Turner said, though he declined to discuss them. "We don't think they hold any water."
Turner said after about a year and a half of discussions, the Von Allmens felt forced to file the lawsuit, along with an emergency motion to appoint a receiver to safeguard their collateral.
This lawsuit, he added, will likely move fast and appear in front of a judge for a status conference next week.
"We're suing a law firm, and we're suing
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