Baker & McKenzie Settles Coudert Claims For $7M

Law360, New York (August 2, 2010, 6:04 PM EDT) -- Baker & McKenzie LLP has agreed to shell out $6.65 million to the estate of defunct law firm Coudert Brothers LLP and to relinquish its claim to a possible $10 million in contingency fees from coal tax litigation to settle claims over profits from unfinished business that partners took with them when they left the failed firm.

The settlement resolves the unfinished business claims, fraudulent conveyance claims and breach of contract claims that the estate asserted against Baker & McKenzie in April 2009, according to a...
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