Orrick, Others Best Claims Over Coudert's Retiree Benefits

Law360, New York (April 12, 2012, 9:47 PM EDT) -- Defunct law firm Coudert Brothers LLP's retired partners can't sue Baker & McKenzie LLP, Orrick Herrington & Sutcliffe LLP and Dechert LLP for retirement benefits, since claims against the firms that bought Coudert's business would belong to Coudert's bankruptcy estate, a federal judge ruled Thursday.

U.S. District Judge Colleen McMahon affirmed a bankruptcy judge's ruling that a trust representing the partners' interests lacks standing to bring its suit, which alleged the firms should be considered successors to Coudert under New York law.

If that theory is...
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