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.
A group of former Howrey LLP equity partners have agreed to pay the firm’s Chapter 11 trustee nearly $1.5 million, marking the second major deal on clawback claims in the bankruptcy and bringing the Howrey estate closer to offering up a liquidation plan.
A California bankruptcy judge on Tuesday largely upheld the Howrey LLP trustee's demands for roughly $20 million in billings that former partners earned from taking Howrey clients to new firms, a break from recent rulings in New York and California that silenced so-called unfinished-business litigation.
A California federal judge has refused to allow Haynes and Boone LLP from pursuing a declaratory action against Howrey LLP over its attempt to collect profits from work Haynes and Boone inherited when it hired one of the collapsed law firm's former partners.
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.