A former client of the law firm Nelson Mullins is suing the firm, claiming she missed out on a $30 million share sale due to their negligence. Lissette Exposito, who founded the health care network Orange Care Group, asserts that Nelson Mullins partner Mike Segal failed to alert her about a critical deadline for selling shares in Cano Health Inc. Exposito’s claims were filed on October 29 in the Miami-Dade County Court in Florida.
The lawsuit relates to events following Cano Health’s acquisition of Exposito’s companies in July 2021. The agreement included performance-based conditions that Exposito contends were unmet due to the firm’s lack of timely notification about the share sale deadline. As a result, Exposito was unable to capitalize on the sale of the shares she was entitled to as part of the acquisition deal.
Exposito alleges that Nelson Mullins not only represented her interests but also those of Cano Health, highlighting a perceived conflict of interest that may have contributed to her financial loss. This situation underscores the ongoing challenges legal practitioners face in managing multiple client interests, especially in complex mergers and acquisitions.
For further details on this ongoing legal dispute, visit the full article on Bloomberg Law.