{"id":8301,"date":"2008-08-06T00:00:00","date_gmt":"2008-08-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"smith-gambrell-entangled-in-hedge-fund-scandal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/smith-gambrell-entangled-in-hedge-fund-scandal.html","title":{"rendered":"Smith Gambrell Entangled in Hedge Fund Scandal"},"content":{"rendered":"<p>Law.com &#8211; Smith, Gambrell &amp; Russell and one of its former attorneys are caught up in the expensive brouhaha surrounding International Management Associates, a now-defunct investment firm which bilked <span class=\"linelink\">pro football players<\/span>, a former Scientific-Atlanta CEO and other well-heeled investors of some $150 million.<\/p>\n<p>IMA&#8217;s bankruptcy trustee, William F. Perkins, told a federal court last month that the law firm and a former counsel from its Washington, D.C.,&nbsp;office, C. Gladwyn Goins, represented IMA so poorly that they not only allowed the company&#8217;s founder, Kirk S. Wright, to embezzle from investors long after his wrongdoing could have been discovered but also &quot;helped Wright to continue his criminal misconduct.&quot;<\/p>\n<p>Those alleged legal missteps cost the company &quot;tens of millions&quot; of dollars, according to the complaint, which demands that the firm and its former counsel pay more than $80 million in damages, plus attorney fees and litigation costs.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.law.com\/jsp\/article.jsp?id=1202423558854\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Law.com &#8211; Smith, Gambrell &amp; Russell and one of its former attorneys are caught up in the expensive brouhaha surrounding International Management Associates, a now-defunct investment firm which bilked pro football players, a former Scientific-Atlanta CEO and other well-heeled investors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1955,1956,297,299,268,148,1954],"class_list":["post-8301","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-banking-industry","tag-brains","tag-david-nahmias","tag-luxury-cars","tag-multibillion-dollar","tag-new-york-state","tag-third-party-administrator"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8301"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8301\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}