Law Offices of Joseph D. Ryan
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An insurance company wants a court to declare it free of obligation to defend a lawyer who stands accused of malpractice by an international real estate development group hit in 2015 with an $18 million jury award to an investor who claimed the group bilked him of millions in a deal with corrupt Illinois campaign financier Tony Rezko.
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An international real estate development group stung last year by a multi-million dollar jury award to a fellow investor who claimed the group cheated him out of millions in an allegedly underhanded deal with corrupt Illinois campaign financier Tony Rezko has itself filed suit against its former attorney, claiming missteps by the lawyer cost the group $18 million.
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A federal jury has awarded almost $23 million to Semir Sirazi, an investor who claimed an investment group cheated him out of millions of dollars by executing a deal with corrupt Illinois campaign financier Antoin “Tony” Rezko to secretly transfer to them Rezko’s ownership interests in a large South Loop development property, helping Rezko skirt a requirement to repay Sirazi should the property be sold, while gaining access to large amounts of money as legal problems swirled about him.
