Orrick Loses Bid To Flip Heller Ehrman Fraud Transfer Ruling

Law360, New York (May 22, 2013, 4:52 PM EDT) -- A California federal district judge on Tuesday rejected Orrick Herrington & Sutcliffe LLP’s argument that a bankruptcy judge lacked authority to make a ruling that the law firm wrongfully hired former partners of defunct Heller Ehrman LLP.

Heller’s plan administrator had brought fraudulent transfer actions against dozens of law firms employing former Heller shareholders, and, while most settled, the bankruptcy court in March found in Heller’s favor regarding the four firms that didn’t settle, including Orrick.

Orrick argued that under the U.S. Supreme Court’s ruling in...
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