O'Melveny To Pay $2M In Empire Land Conflict-Of-Interest Suit

Law360, New York (July 30, 2012, 7:58 PM EDT) -- O'Melveny & Myers LLP on Friday agreed to pay $1.5 million to settle claims by the bankruptcy trustee of Empire Land LLC that the law firm and one of its partners hadn't disclosed the partner’s former role as executive at the bankrupt developer’s operator before seeking to represent it in its bankruptcy.

In a motion to approve the settlement filed in California bankruptcy court, Empire Land’s Chapter 7 trustee Richard Diamond said the defendants had resolved his conflict-of-interest claims stemming from partner Peter T. Healy’s alleged...
To view the full article, register now.