Ruden McClosky Bankruptcy Plan Gets Green Light

Law360, New York (October 12, 2012, 10:09 PM EDT) -- A New York bankruptcy judge confirmed law firm Ruden McClosky PA’s Chapter 11 plan Friday, pushing aside the U.S. Trustee's objections to certain provisions related to releasing the debtors from further claims arising from the reorganization.

U.S. District Judge Raymond B. Ray overruled the U.S. trustee's objection that a provision that releases the debtors and others from claims arising from the bankruptcy proceedings should not have included negligence as one of the factors that could expose other parties to liability if they made a mistake in...
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