Ex-Thelen Partners Deserve Hardship Settlements: Trustee

Law360, New York (September 7, 2012, 10:29 PM EDT) -- The trustee of defunct law firm Thelen LLP asked a New York bankruptcy court Friday to greenlight reduced settlements over pre-collapse compensation with two of its former partners who met hardship requirements.

Thelen's Chapter 7 trustee Yann Geron of Fox Rothschild LLP said in a motion filed with the court that the two equity partners had met requirements for reduced settlements over the trustee's compensation and capital contribution claims.

"The Trustee has implemented a rigorous hardship protocol to address those rare instances where partners may have...
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