Texas Loans

Quinn Emanuel hit with $250m loan loss lawsuit

By Randy D. Rooker
By Katie Buehler (August 11, 2022, 7:18 p.m. EDT) — Energy holding company GIT Inc. slapped Quinn Emanuel Urquhart & Sullivan LLP with $250 million malpractice lawsuit in New State court York on Thursday, claiming mistakes made by the firm’s lawyers caused the firm to lose a $100 million loan dispute with the London branch of UBS AG.

GIT, formerly known as Greka Integrated Inc., says it is now liable for a judgment of approximately $136.9 million because attorneys for Quinn Emanuel “neglected to raise a meritorious defense” for defeat the investment bank’s motion for summary judgment.

Lawyers for the firm allegedly failed to argue that two subsidiaries of GIT, now bankrupt, had contracted…

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Randy D. Rooker
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