Law360, New York (January 11, 2011, 6:41 PM ET) -- Second Circuit judges on Tuesday questioned the grounds for the Teligent Inc. bankruptcy trustee's legal attack on K&L Gates LLP over its dealings involving a multimillion-dollar settlement relating to an executive’s departure from the telecom.
Judge Richard C. Wesley of the U.S. Court of Appeals for the Second Circuit told a lawyer for the trustee, Savage & Associates PC, during a hearing that asserting the claims against K&L Gates appeared to be an unusual extension of bankruptcy powers.
Under the lawyer's logic, “you could horseshoe any...
Teligent Trustee Battles K&L Gates In 2nd Circ.
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