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Sandpoint Cattle Co., LLC v. Robert Craig (In re Sandpoint Cattle Co., LLC), Ch. 11, BK13-40219, A14-4052-SKH (July 22, 2016)

The court found that counsel for the debtor violated the standard of care owed to his client because he failed to advise the debtor of the legal consequences, risks and benefits of the abandonment of assets, as well as other legal alternatives. Counsel's negligence was the proximate cause of financial losses by the debtor, and the court awarded the debtor $1.8 million for the lost market value of the abandoned assets.

Date: 
Friday, July 22, 2016
Judge: 
Judge Shon Hastings