Cooley LLP and several of its attorneys are facing a legal malpractice and fraud lawsuit, as disclosed in a recent filing in a New Jersey federal court. The lawsuit arises from allegations made by Jason Gould and Gould Ventures LLC, who claim they were misled into investing in Carbon IQ and that Gould became a board member of the startup based on information provided by Cooley’s attorneys. Gould asserts that the attorneys failed to disclose that Carbon IQ and its CEO, Benjamin Cantey, were already embroiled in a fraud lawsuit in Texas.
The plaintiffs accuse Cooley’s legal team of deliberately or recklessly concealing this critical information, which led to their financial involvement and subsequent fallout. For those interested in tracking the docket, the case is logged under No. 3:24-cv-09485.
Further details on this developing story can be read here.