Day: December 10, 2019

Leslie Beth Baskin, chair of Spector Gadon Rosen Vinci P.C.’s Bankruptcy and Creditors Rights Group and member of its Corporate Law Group, testified in her capacity as Chapter 11 Trustee for the Legal Coverage Group estate at the October 2019 sentencing hearing of its principal and sole owner, Gary Alan Frank.

Frank was sentenced to 17½ years in prison and ordered to pay $33.7 million in restitution by the U.S. District Court for the Eastern District of Pennsylvania for, inter alia, wire fraud, bankruptcy fraud and money laundering.  Baskin was appointed Chapter 11 Trustee by the Office of the United States Trustee to locate and administer assets for creditors and was successful, with the assistance of financial and economic consulting firm Asterion, in liquidating assets fraudulently bought with funds of the Legal Coverage Group, mostly for the personal benefit of Frank.

The funds Baskin collected will be used to pay claims of creditors, including the victims of his criminal actions.

Spector Gadon Rosen Vinci P.C. has represented clients nationally and internationally for nearly 50 years and provides counsel and expertise across the entire spectrum of legal practice, from complex litigation to sophisticated transactional and corporate matters. The firm has offices in Philadelphia, New Jersey, Florida, and New York.

The firm represents businesses, corporate boards, and highly placed individuals. Its clients are engaged in a variety of industries including finance and banking, manufacturing, hospitality, gaming and entertainment, real estate and commercial development, insurance and venture capital, energy, financial services, health care, security and telecommunications.

The firm’s practice areas include high stakes litigation, business disputes, commercial litigation, professional liability, products liability, securities, trust and estates, fiduciary litigation, bankruptcy and creditors rights, civil RICO, trade secrets, trademark and restrictive covenants, intellectual property, antitrust, white-collar criminal defense, banking and financial services, corporate formation and governance, employment, entertainment and amusements, environment and energy, wealth management, healthcare, hospitality, insurance coverage and insured casualty litigation, mergers, acquisitions and divestitures, real estate, sports and tax law.