Jones Day, Perkins Coie LLP and several other firms urged a California bankruptcy judge on Tuesday to toss a Howrey LLP trustee's efforts to claw back $20 million in profits its ex-partners earned representing former Howrey clients at new firms, arguing that Howrey has no property right to the money.
McGrane LLP on Monday defended its work on behalf of a Howrey LLP creditors committee, arguing that it should be paid for its “valuable service,” as a California federal judge refused to stay a $4 million clawback settlement while creditors appeal the deal.
The trustee of defunct law firm Howrey LLP on Tuesday lambasted a fee application by McGrane LLP, saying, among other things, that McGrane’s work “provided absolutely no benefits" to the estate, and calling on a California federal judge to force the applicant to disgorge money previously collected for work on the bankruptcy case.
A California bankruptcy judge on Friday approved a settlement under which 60 former partners of Howrey LLP agreed to pay the defunct firm’s Chapter 11 trustee $4.2 million to resolve pending clawback claims despite an objection from a small group of unsecured creditors.
Three Howrey LLP unsecured creditors on Friday sued Diamond McCarthy LLP, the law firm representing Howrey's estate in its bankruptcy proceeding, saying the firm owes them damages after denying its alleged connection to them through an attorney it hired in May.
A California bankruptcy judge on Wednesday shot down efforts by unsecured creditors to remove Howrey LLP's Chapter 11 trustee from his position, ruling there was not a conflict of interest in his firm’s representation of the fallen law firm in bankruptcy.
Howrey LLP’s Chapter 11 trustee on Monday fired back at unsecured creditors’ efforts to remove him from his position, challenging them to prove their allegations that there is a conflict of interest in his firm’s representation of the fallen law firm in bankruptcy.
A group of Howrey LLP unsecured creditors urged a California bankruptcy judge on Saturday to block the $4.2 million settlement between the now-defunct firm’s trustee and former equity partners, arguing that the court needs to decide whether to remove the trustee first.
A group of Howrey LLP unsecured creditors on Thursday asked a California bankruptcy judge to remove the Chapter 11 trustee from the fallen firm’s case, saying his law firm’s recent hire of an attorney who the creditors say represents them in the bankruptcy creates a conflict.
A group of former Howrey LLP equity partners will pay the firm’s Chapter 11 trustee $4.2 million to resolve pending clawback claims, a deal that the trustee says could lead to additional settlements with other partners.