Atlanta based nursing home operator Mariner Health Care has sued Troutman Sanders for allegedly allowing $40M from a $1.3 billion asset sale to go to another client of theirs. The firm is also accused of attempting to cover up the issue after the fact.

The issue shows the potential risks of not carefully vetting clients for potential conflicts of interest.

With M&A hitting a feverish pace ProtectLawyers.com advises clients to make sure their malpractice insurance correctly covers the cost of allegations of wrongdoing.