Howrey Equity Holders Targeted In Adversary Suit

Law360, New York (November 1, 2012, 10:16 PM EDT) -- A Howrey LLP unsecured creditor on Thursday targeted hundreds of equity security holders of the defunct law firm in a proposed class action claiming the equity holders had funneled the firm’s funds to themselves in the years leading up the firm’s bankruptcy.

In an adversary proceeding filed in California bankruptcy court, Howrey Claims LLC said that the equity security holders had hurt the firm’s creditors by taking the firm’s assets and funds from April 2009 to when the firm filed for Chapter 11 protection in April...
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