Suit against Jacobowitz & Gubits
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Law firm Jacobowitz & Gubits faces a $5.5 million malpractice lawsuit, filed Friday by a former client who claims the law firm broke ethical rules to help another client, Law firm Jacobowitz & Gubits faces a $5.5 million malpractice lawsuit, filed Friday by a former client who claims the law firm broke ethical rules to help another client, Hometown Bank of the Hudson Valley, at the former client’s expense. The controversy stems from a series of failed development projects Hometown Bank worked with The Ruby Group, a Goshen builder, to complete. Problems arose when Hometown’s regulator said the deal for one of the projects was improper, and ordered the bank to exit the agreement with The Ruby Group, led by CEO Pete Berman., at the former client’s expense. The controversy stems from a series of failed development projects Hometown Bank worked with The Ruby Group, a Goshen builder, to complete. Problems arose when Hometown’s regulator said the deal for one of the projects was improper, and ordered the bank to exit the agreement with The Ruby Group, led by CEO Pete Berman.