Thelen Trustee Seeks OK For $5M Clawback Settlement

Law360, New York (September 29, 2011, 5:53 PM EDT) -- Bicoastal law firm Thelen LLP's Chapter 7 trustee on Wednesday asked a New York bankruptcy court to approve settlements worth $4.98 million with 93 former partners over compensation they received in the firm's last years.

Thelen's trustee, Yann Geron of Fox Rothschild LLP, said in a motion to approve the settlements that an investigation showed that he could probably pursue a number of claims against most or all of the firm's former equity partners. The potential claims arose mostly from the failure to meet capital requirements...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Thelen LLP, a California limited liability partnership


Case Number

1:09-bk-15631

Court

New York Southern

Nature of Suit

Date Filed

September 18, 2009

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.