Perkins Coie sues Naveen Jain |
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Perkins Coie sues Naveen Jain
Naveen Jain
Perkins Coie has sued Internet entrepreneur Naveen Jain, claiming he failed to pay legal bills from October 2001. The suit, filed in King County Superior Court earlier this month, alleges that the Intelius founder did not pay for legal services that arose from a house purchase.
Perkins Coie is asking the court for monetary damages of about $188,000, plus interest on unpaid invoices. Litigation is nothing new between Jain and Perkins Coie, Seattle's largest law firm.
In early 2004, the former InfoSpace CEO filed a malpractice suit alleging that Perkins Coie did not provide adequate legal advice in an insider stock trading case. Jain was hit with a $247 million judgment as a result of the insider stock trading case, later settling the matter for $105 million.
His malpractice suit -- which also named Wilson Sonsini Goodrich & Rosati and J.P. Morgan Securities -- has been tied up in the courts for the past five years. Last month, The Supreme Court refused to hear an appeal. Lower courts had previously tossed out Jain's complaints because federal law prohibits suits that blame financial institutions for "risky trades," according to the Associated Press.
Perkins Coie represented InfoSpace and Jain from 1998 to mid-2003.
The most recent lawsuit filed by Perkins Coie says that Jain and his wife are liable for the unpaid invoices.
The legal work was allegedly performed by Perkins Coie for a suit that the Jains filed against Richard Fowler, who sold his Medina home to the Jains in 1999. The suit accused Fowler of not disclosing dry rot and water damage in the windows of the home.
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John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
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