Empire Land CEO Fights O'Melveny's $1.5M Deal With Trustee

Law360, New York (August 8, 2012, 5:12 PM EDT) -- The CEO of Empire Land LLC objected Tuesday to a $1.5 million settlement the real estate developer’s bankruptcy trustee and O'Melveny & Myers LLP reached late last month, saying the deal would prejudice him in a related suit.

Empire CEO James P. Previti, his current company Empire Partners Inc. and other Empire officers asked a California federal judge to deny a motion for approval from Empire’s Chapter 7 trustee Richard Diamond and O’Melveny. The deal aims to resolve allegations that the law firm and its partner...
To view the full article, register now.