The selection of the firm was put on hold by the State Board of Administration after Attorney General Bill McCollum received an anonymous letter in December, allegedly written by a former employee. The letter stated the firm’s lawyers had complex financial involvements with charities and investors, raising major ethical questions.
The firm’s Stanley Bernstein recently travled to Tallahassee to meet with the selection committee and dispute the charges.
However, in a letter sent to the board on Thursday, Bernstein said he had made incomplete and incorrect statements to the committee about tax problems that he and his partner had.
Bernstein Liebhard LLP was established in 1993 as a boutique law firm to represent investors and consumers in complex class action, corporate governance and individual actions throughout the United States.
