LeClairRyan Trustee Seeking OK For $21M UnitedLex Deal
By Rick Archer (May 31, 2022, 4:24 PM EDT) -- The Chapter 7 trustee for LeClairRyan PLLC asked a Virginia bankruptcy judge on Tuesday to approve an approximately $21 million settlement with legal services provider UnitedLex for the part it allegedly played in driving the law firm into liquidation.
Trustee Lynn Tavenner will seek approval at a June 8 hearing for the deal. Counsel for Tavenner told Judge Kevin R. Huennekens of the U.S. Bankruptcy Court for the Eastern District of Virginia at a case status conference that the settlement would more than double Tavenner's settlement recoveries for her claims that UnitedLex and LeClairRyan's leaders conspired to suck the firm dry...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!