Dechert Can't Avoid Suit Over Its Coudert Paris Takeover

Law360, New York (August 23, 2013, 2:04 PM EDT) -- Dechert LLP must face allegations that it underpaid for defunct, bankrupt law firm Coudert Brothers LLP's Paris office in 2005, a New York federal judge ruled Thursday, saying it was too soon to decide the value of employment liabilities and other issues.

U.S. District Judge Colleen McMahon said it wasn't clear under federal, New York or French law if employment-related costs such as severance payments that Dechert absorbed could be used to offset the value of the rest of Coudert's  French affiliate, Coudert Freres, that Dechert...
To view the full article, register now.
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.