Bryan Cave, Nixon Peabody Sued by Solar Company Investors (1)

Investors in a solar panel manufacturing company, which authorities described as a Ponzi-like scheme, sued several Big Law firms in a California state court for legal malpractice.

The defendants “used their professional status to encourage Plaintiffs to invest in solar energy as a tax savings,” the Dec. 17 complaint alleges. But their “representations were false,” and the plaintiffs claim they wouldn’t have invested without their “false assurances.”

GEICO Corporation, Progressive Casualty Insurance Company, and others allege they invested in DC Solar, a company that manufactured and leased mobile solar generators, because of “substantial market demand” that law firms Nixon Peabody, ...