07/17/2026
Today, The Cobos Law Firm filed a legal malpractice lawsuit in Tarrant County, Texas, against the newly merged Ashurst Perkins Coie. The petition alleges the firm ignored a laundry list of red flags that should have stopped this deal in its tracks.
The details of the alleged negligence are stark:
The firm allegedly allowed the client to proceed without ever requiring proof of funds, escrowed money, or bank confirmation.
The petition contends the firm failed to uncover that the buyers’ representatives were recently released from federal prison and were on active probation for identity theft and money laundering, alongside a decade-long history of financing and insurance fraud.
Having previously represented ( ), the firm allegedly had a "front-row seat" to the dangers of accepting fabricated wealth—yet, the lawsuit alleges, they repeated the mistake by failing to verify financial strength in this $29 million transaction.
The buyer ultimately failed to fund the transaction, leaving the client, Lensabl, in a distressed sale for a fraction of its value.
Attorney, Andrew Cobos, is available to discuss why this "sophisticated" firm abandoned fundamental transactional responsibility and what this says about the internal culture of one of the world's largest newly merged legal enterprises.
Representatives of The Cobos Law Firm are immediately available for television, radio, print, podcast, and on-camera interviews to discuss the allegations, the legal theories asserted in the petition, and the broader implications for corporate transactional practice.
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