SAN JUAN, Puerto Rico (Legal Newsline) – A law firm is suing several other law firms after an agreement between them was allegedly terminated.
Parker Waichman LLP filed a lawsuit Feb. 25 in U.S. District Court for the District of Puerto Rico against Salas LC, the Law Offices of John F. Nevares & Associates and Eric J. Quetglas-Jordan, doing business as Quetglas Law Firm, alleging violations of the Civil Code of Puerto Rico and obstinacy.
The suit states that between Nov. 20 to Nov. 24, 2009, the plaintiff and defendants executed an agreement titled Confidential Operating Agreement for Plaintiff Attorney Group in Caribbean Petroleum Oil and Fire Litigation (CAPECO agreement), wherein all parties agreed to prosecute as a group on attorneys on behalf of the plaintiffs in a separate case.
Under the terms of the agreement, Parker Waichman was to be reimbursed for investing approximately $189,000 in capital expenditures necessary for the prosecution of the action, the suit states.
Several Parker Waichman attorneys allegedly also put in a significant number of hours working on the action.
Parker Waichman allegedly complied with all its obligations under the CAPECO agreement, but on March 30, 2012, the defendants allegedly terminated the agreement.
The suit states the defendants will still receive substantial sums in compensation to the damages claimed by the clients under the CAPECO agreement, but they have allegedly refused to reimburse Parker Waichman for its capital contributions and pay its attorneys' fees.
Parker Waichman and others in the suit seek to recover the sums owed, plus attorney fees, interest, and costs of the action. They are represented by attorney Richard Schell-Asad of Troncoso & Schell in Old San Juan, Puerto Rico.
U.S. District Court for the District of Puerto Rico Case number 3:16-cv-01333-SEC