Thelen Secures Exit From Loewen Bond Offering Suit

Law360, New York (June 2, 2010, 5:50 PM EDT) -- The estate of bankrupt law firm Thelen LLP has won approval to settle claims brought by State Street Bank & Trust Co., Skadden Arps Slate Meagher & Flom LLP and others over bond offerings conducted more than a decade ago for funeral services company the Loewen Group Inc.

Judge Allan L. Gropper issued an order Wednesday in the U.S. Bankruptcy Court for the Southern District of New York allowing Thelen’s insurer, MPC Insurance Ltd., to pay $900,000 to satisfy claims from State Street, Skadden, and current...
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