Morgan Lewis Settles With Bankrupt Howrey For $1M

Law360, Los Angeles (September 4, 2013, 10:00 PM EDT) -- The Chapter 11 trustee for collapsed law firm Howrey LLP on Wednesday asked a California bankruptcy judge to approve a $1.15 million settlement with Morgan Lewis & Bockius LLP that would resolve unfinished business claims former Howrey partners brought to the firm.

Howrey trustee Allan B. Diamond said in a motion that the settlement would resolve all claims against Morgan Lewis, where seven former Howrey partners landed in early 2011. Diamond asserted the agreement was "well within the range of reasonableness and in the best interest of the...
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