Nearly four dozen former Howrey LLP partners gave up $6.1 million in claims against the failed firm and agreed to pay $75,000 to avoid potential clawback suits over alleged unfinished business, according to a settlement agreement filed Tuesday in California bankruptcy court.
Fulbright & Jaworski LLP agreed to pay $144,000 to resolve potential claims two former Howrey LLP partners took their unfinished business to the firm, according to a settlement agreement filed Friday in California bankruptcy court by the failed firm’s trustee.
Howrey LLP’s former vice chairman on Monday withdrew his claim against the failed law firm in a California bankruptcy court in light of a settlement with the bankruptcy trustee.
Howrey LLP’s bankruptcy trustee has reached a $1.85 million deal with several former partners who manned the firm’s dissolution committee and Wiley Rein LLP, which oversaw the first few months of the failed firm’s bankruptcy case.
The bankruptcy trustee for failed law firm Howrey LLP has reached deals to claw back money from seven former partners of the firm who founded Belgian IP boutique Hoyng Monegier LLP.
Howrey LLP's bankruptcy trustee on Wednesday proposed a deal that would give the firm's Washington, D.C., landlord $28 million in claims and help end the Chapter 11 process, as well as a clawback deal with nine former partners now at Jones Day.
The judge overseeing the liquidation of defunct law firm Howrey LLP urged the Ninth Circuit on Friday to decide the viability of so-called unfinished business litigation claiming eight BigLaw shops must return profits earned from former Howrey clients.
McGrane LLP will appeal a bankruptcy judge’s order that they pay back nearly $31,000 in fees collected while representing the creditors committee of defunct Howrey LLP, the latest step in a contentious fight over McGrane’s work, according to a Wednesday filing.
A California bankruptcy judge on Friday ordered McGrane LLP, a law firm that had represented the creditors’ committee of defunct Howrey LLP, to pay back nearly half the money it was paid for work on the case for breaching professional responsibility rules.
A California bankruptcy judge on Wednesday approved 31 former Howrey LLP equity partners’ $1.5 million deal with the firm’s Chapter 11 trustee, ruling that the agreement meets the standards set by a prior major deal on clawback claims in the bankruptcy.