Law360, New York (November 13, 2009) -- The liquidating supervisor for NetBank Inc. has asked a bankruptcy court to approve a settlement with its former debtor-in-possession counsel at Holland & Knight LLP over roughly $350,000 in transfers NetBank made to H&K early in the online bank's Chapter 11 proceedings.
NetBank will pay H&K $132,500 — about a third of the total amount in dispute — to release the law firm from liability for any avoidable transfer claims, liquidating supervisor...
