${site.data.firmName}${SEMFirmNameAlt}
Local
310-324-9403
Toll-Free
866-402-1805
<#if page.ID == "About"> In This Section
<#else> View Our Practice Areas

Did Former Lawyer Mismanage Rosa Parks' Estate?

A former lawyer for civil rights leader Rosa Parks is being sued by a New York auction house, the New York Post reported Tuesday. Guernsey's alleges that Detroit attorney Gregory Reed mishandled the estate, worth an estimated $10 million. As a result, it charges, it missed an opportunity to collect higher fees.

One of the most significant moments in the civil rights movement was when Rosa Parks refused to sit in the back of the bus. Because of her significance and impact on the lives of others, Parks accumulated many items of historical value that drove the value of her estate up to $10 million. The fight over the estate has been controversial as several lawsuits have been filed.

Recently, another lawsuit has been filed as reported by the ABA Journal in an article titled "Lawsuit says former lawyer for Rosa Parks mishandled her estate." The interesting thing about this lawsuit is that it was not filed by Parks' heirs. The heirs are normally the ones who sue over mishandling estates. Instead an auction house, Guernsey's, filed this case.

At issue is the way Parks' historic items were sold. The lawyer apparently told the auction house that the items could not be sold at auction but that they must be sold together in a single, private sale. That sale has been completed, but Guernsey's claim is that it could have received more for the items at auction. In short, the auction house believes that the lawyer made a misrepresentation when stating the items could not be sold at auction.

Generally speaking, an executor or a lawyer representing an estate does have a duty to maximize the value of the estate. Thus, if the auction house is right in its allegations, watch for a similar lawsuit filed by Parks' heirs in the future.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard West
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map