Bankruptcy Judge Blesses Thelen Partner Settlements

Law360, New York (March 1, 2013, 4:45 PM EST) -- A New York federal judge on Friday approved settlements between the trustee for bankrupt Thelen LLP and three former partners who agreed to repay compensation from business completed after the law firm dissolved in 2008.

U.S. Bankruptcy Judge Allan L. Gropper signed off on the clawback deal between Yann Geron, the Chapter 7 trustee for Thelen, and former partners Christopher D. Baker, Brian R. Gallagher and Darlene H. Smith. The partners each agreed to pay 68 percent of the claims asserted against them. In exchange, they will...
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