Covington, Katz Get OK To Settle Heller Suits For $8.5M

Law360, New York (August 16, 2011, 2:38 PM EDT) -- Covington & Burling LLP and Ronald A. Katz Technology Licensing LP won a bankruptcy judge's approval Thursday to end two suits brought by Heller Ehrman LLP over allegedly unpaid legal costs, agreeing to provide $8.5 million to creditors of the liquidating firm.

U.S. Bankruptcy Judge Dennis Montali approved both settlements as fair and reasonable, though he reduced the nearly $5 million deal with Covington & Burling LLP and certain of its intellectual property group partners by $15,000 "due to the financial circumstances" of an individual defendant....
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