Diamond McCarthy LLP sought final approval Monday from a New York bankruptcy judge for more than $8.3 million in fees and expenses related to its years-long work winding down Howrey LLP, which closed in 2011 after years of declining profits and partner defections.
A California bankruptcy judge on Friday approved Arnstein & Lehr LLP to serve as special counsel to the Chapter 7 trustee of Howrey LLP, finding the Chicago-based firm would not present any conflicting interests in the ongoing bankruptcy process.
A California bankruptcy court Wednesday signed off on settlements between the Chapter 7 trustee for defunct law firm Howrey LLP and several creditors seeking unpaid rent, including the Dewey & LeBoeuf Liquidation Trust and U.S. Bank NA.
The bankruptcy of failed law firm Howrey LLP was granted conversion to a Chapter 7 liquidation on Friday in California federal court, according to court records, a move that was considered likely after real estate obligations made moving forward in Chapter 11 a challenge.
A California bankruptcy judge has indicated he will grant a request to convert Howrey LLP's bankruptcy case into a Chapter 7 liquidation later this week after the trustee overseeing the shuttered law firm and its creditors told the court that he couldn't reach a deal related to former landlords' rent claims.
McGrane LLP urged a California bankruptcy court Wednesday to hold off on letting now-defunct Howrey LLP’s trustee make $5 million in payments to counsels and creditors, arguing a Ninth Circuit appeal of McGrane's fees reduction is bound to affect the distribution.
A former Howrey LLP partner gave up $110,000 in claims against the failed firm and agreed to pay the Howrey estate $950, allowing the current Jones Day partner to avoid a potential clawback suit under a deal filed Wednesday in California bankruptcy court.
A California federal judge on Monday affirmed a bankruptcy judge’s reduction of an attorney’s fees after holding that he breached his ethical duty following his withdrawal as co-counsel for the official committee of unsecured creditors of defunct Howrey LLP and subsequent counseling of individual creditors.
The unsecured creditors committee for defunct law firm Howrey LLP told a California federal bankruptcy judge on Monday that it has reached a proposed settlement resolving an adversary complaint that sought funds received by a former partner and current Arent Fox LLP partner.
Howrey LLP creditors have filed an appeals notice in California over a ruling that unpaid rent claims brought by landlords for office space leased to the now-shuttered law firm deserve priority status.