Coudert Liquidator Sues States, DC Over Unclaimed Funds

Law360, New York (March 4, 2013, 3:10 PM EST) -- The administrator overseeing the liquidation of defunct law firm Coudert Brothers LLP on Wednesday sued top financial officers in six states and Washington, D.C., seeking thousands of dollars in unclaimed funds on behalf of the firm's estate.

Development Specialists Inc., the plan administrator for Coudert, is looking to collect funds from California, Colorado, New York, Ohio, Pennsylvania, Texas and Washington, D.C., that were never claimed but that it says belong to the fallen firm.

The states took control of the funds before the firm officially filed...
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