Former NHL star Sergei Fedorov files new suit connected to $60M in losses from financial adviser

Oct 15, 2009 @ 3:07 pm

By Associated Press

Ex-Detroit Red Wings star Sergei Fedorov is suing his former lawyers, claiming they share responsibility for the loss of millions of dollars invested with another client.

Fedorov says the law firm Hyman Lippitt PC had a conflict by representing him and financial adviser Joseph Zada.

Fedorov says he's out $60 million through Zada. A Wayne County judge recently ruled that the hockey player is entitled to the money.

Fedorov filed a lawsuit Thursday in federal court in Detroit, alleging the Hyman Lippitt firm knew that Zada had been sued by others for financial mismanagement. A message seeking comment was left for Doug Hyman.

Fedorov plays hockey in Russia. He was NHL MVP in 1994 and spent 13 seasons with the Red Wings.

0
Comments

What do you think?

View comments

Recommended next

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print