Strategica Capital Corporation, and the Appletree Group

Strategica Capital Corporation, and the Appletree Group

Rob Klein has been favored with a judgment in the trial of a legal malpractice action, arising out of the failure to properly perfect UCC-1 financing liens in a large loan transaction between their former client, the Strategica Capital Corporation, and the Appletree Group. Strategica claimed that the failure to perfect the liens had caused Strategica several million dollars in attorney’s fees and interest when the Appletree Group filed for Chapter 11 reorganization. The Trial Court ultimately determined that the defendant in that matter, the Sacher Zelman firm in Miami, had handled the transaction appropriately, and was not responsible for the filing and the recording of the failed UCC1’s. The Court also determined that the firm had no obligation to insure the viability or priority of those liens, post-closing.