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Legal Malpractice

A publisher sold his local newspaper through the assistance of an attorney. The purchase terms included a down payment, plus additional payments over many years, evidenced by a promissory note and (supposedly) secured by a UCC security agreement and financing statement. After a number of years of payments, the buyer sold the paper to a subsequent buyer and payments immediately ceased. Investigation determined that the client's original attorney had failed to properly file the UCC documentation. Thus, there was no effective lien established over the business or its assets. The original buyer was now, basically, judgment proof. The original publisher sought legal assistance but was turned down by two large, downtown Seattle law firms, both of which had told him he had no case. He then approached Magnuson Lowell. We saw a valid claim. Within a matter of just three months, Magnuson Lowell negotiated a six-figure settlement with the insurer for the errant attorney.

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Magnuson Lowell P.S.
8201 164th Ave. NE, Suite 200
Redmond, WA 98052
Toll Free: 888.312.9484
Phone: 425.242.4021
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Both Rick Lowell and Tom Magnuson are two of the Top 10 Lawyers for 2010 in "Seattle Met" magazine.
AV Martindale-Hubbell Peer Review Rated Preeminent 5.0 out of 5 for Ethical Standards and Legal Ability
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