Kaye Scholer Says Fund's Claims Imperil Deal In GSC Row

Law360, Chicago (April 16, 2013, 4:38 PM EDT) -- Kaye Scholer LLP on Monday pushed for approval of its $1.5 million settlement with the government over alleged ethics violations in GSC Group Inc.’s bankruptcy, but the firm suggested it will back out of the deal if it is forced to defend related claims from an objecting hedge fund.

Black Diamond Capital Management LLC, which purchased GSC out of bankruptcy in 2011, objected last month that the law firm’s settlement with the U.S. Trustee’s Office goes “a step too far” in foreclosing third parties like the...
To view the full article, register now.




Case Information

Case Title

GSC Group, Inc.

Case Number



New York Southern

Nature of Suit

Date Filed

August 31, 2010

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.