Dechert Must Reveal Billables From Coudert Paris Takeover

Law360, New York (February 24, 2014, 4:35 PM EST) -- A New York magistrate judge on Monday ordered Dechert LLP attorneys to divulge how much the firm earned on pending client work it acquired from taking over defunct Coudert Brothers LLP's Paris office, saying the figures might show whether the transaction defrauded Coudert creditors.

At a conference in Manhattan, U.S. Magistrate Judge Michael H. Dolinger said Coudert bankruptcy administrator Development Specialists Inc. was entitled to know how much money was collected on client accounts-receivable that Dechert scooped up in 2005 from Coudert’s French affiliate, Coudert Freres....
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