Locke Lord Settles For $1.3M In Morgan & Finnegan Suit

Law360, New York (October 28, 2011, 9:01 PM EDT) -- Locke Lord LLP will accept a reduced claim of $1.3 million from the Chapter 7 estate of intellectual property firm Morgan & Finnegan LLP in order to end its trustee's adversary suit against Locke Lord and 12 ex-M&F partners, the trustee said Friday.

Trustee Roy Babitt's motion urges U.S. Bankruptcy Judge Robert D. Drain to approve a settlement agreement that reduces Locke Lord's secured claim against the M&F estate from $2.4 million. In exchange, Babitt will drop his suit in New York bankruptcy court against Locke...
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