Waterloo Law Firm Closing

WATERLOO, Iowa (AP) — Months after allegations that a former Waterloo attorney stole from his clients, the law firm where he worked appears to be closing.

Greg Lederer, a Cedar Rapids attorney representing Gallagher, Langlas and Gallagher, says most lawyers previously practicing at the firm have found work elsewhere as clients began accusing the firm's former president, 51-year-old David Alan Roth, of stealing and mishandling their money.

Roth killed himself in September.

Court records say the firm was unaware of the thefts, which included stealing settlement proceeds and mismanaging investments. Still, the firm faces multiple malpractice and fraud lawsuits claiming Roth wasn't properly supervised., and claims worth millions of dollars have been filed against Roth's estate.

Lederer says the firm remains open until all litigation is complete.