Jenkins & Gilcrist, subject of more than a few blog blurbs, is in the news again.

"A former client of Jenkens & Gilchrist sued the Dallas-based firm in federal court in New York on June 8 alleging malpractice and breach of contract in connection with the firm’s work on a reverse merger in 2004.

The former client alleges in Tactica International Inc., et al. v Jenkens & Gilchrist that Jenkens’ negligence on the merger caused its stock price to drop and ultimately led to financial difficulties that forced it to file bankruptcy.

The complaint was filed in the U.S. District Court for the Southern District of New York by Tactica International, a New York distributor of personal care products; the Tactica Creditor Trust; Joseph E. Myers, the creditor trustee; and IGIA Inc., a New York company related to Tactica.

The plaintiffs seek a minimum of $10 million on the malpractice cause of action and a minimum of $10 million for breach of contract from Jenkens. "

But Jenkens, once a 600-lawyer firm, closed its doors on March 31, five days after its leaders signed a nonprosecution cooperation agreement with the U.S. Attorney’s Office for the Southern District of New York to resolve alleged criminal tax violations linked to the firm’s former Chicago-based tax-shelter practice.