$1.2M Truce Proposed Over Farer Fersko Bankruptcy Claims

Law360, New York (December 5, 2012, 2:55 PM EST) -- A New Jersey bankruptcy judge is considering a proposed $1.2 million settlement to resolve a trustee's claims that lawyers from shuttered environmental and real estate law firm Farer Fersko PA transferred assets to a different firm instead of their bankruptcy estate.

Bankruptcy trustee Benjamin Stanziale Jr. will seek U.S. Bankruptcy Judge Rosemary Gambardella's approval for the settlement, related to Greenbaum Rowe Smith & Davis LLP's hiring of several Farer Fersko attorneys, in a hearing slated for March.

“The parties have determined it best serves the interest...
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