Crowell & Moring Settles Suit with Client
Crowell & Moring has settled a case in which one of its attorneys, Douglas Arnsten, was accused by Regal Real Estate of stealing millions of dollars of real estate escrow funds. Crowell said in a statement that it had resolved the matter to everybody's satisfaction, particularly the client (Regal Real Estate). Regal had sued the law firm for $5.5 million when Arnsten did not return the escrow money he allegedly stored in his personal account. Arnsten fled to Hong Kong in September when New York police was preparing to arrest him and is now facing extradition.