Thelen Clawback Properly Nixed, Seyfarth Tells 2nd Circ.

Law360, New York (May 30, 2013, 4:35 PM EDT) -- Seyfarth Shaw LLP asked the Second Circuit on Wednesday to affirm the dismissal of a clawback suit by the trustee of Thelen LLP over partners poached from the collapsed firm, saying a lower court properly ruled that Thelen’s pending hourly fee matters were not recoverable assets under state law.

Seyfarth asked the court to affirm a September decision by U.S. District Judge William H. Pauley III, who granted Seyfarth's motion for judgment in the adversary case brought by Thelen trustee Yann Geron over attorneys' fees collected...
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