Thelen Seeks Approval Of $1.4M Citibank Settlement

Law360, New York (December 5, 2012, 5:26 PM EST) -- Thelen LLP's Chapter 7 trustee asked a New York bankruptcy judge Tuesday to approve a stipulation under which the debtor will pay $1.4 million to close out Citibank NA's $7.5 million claim for administrative costs against the defunct law firm.

Yann Geron asked U.S. Bankruptcy Judge Allan L. Gropper to approve the stipulation, which fixes and allows the balance due on Citibank's secured claim and authorizes him to pay the money from the debtor's estate. Once such payment is received, all of Citibank's claims against Thelen...
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