Dechert Must Reveal Billables From Coudert Paris Takeover

Law360, New York (February 24, 2014, 4:35 PM EST) -- A New York magistrate judge on Monday ordered Dechert LLP attorneys to divulge how much the firm earned on pending client work it acquired from taking over defunct Coudert Brothers LLP's Paris office, saying the figures might show whether the transaction defrauded Coudert creditors.

At a conference in Manhattan, U.S. Magistrate Judge Michael H. Dolinger said Coudert bankruptcy administrator Development Specialists Inc. was entitled to know how much money was collected on client accounts-receivable that Dechert scooped up in 2005 from Coudert’s French affiliate, Coudert Freres....
To view the full article, register now.

Related

Sections

Case Information

Case Title

Development Specialists, Inc. v. Dechert LLP


Case Number

1:11-cv-05984

Court

New York Southern

Nature of Suit

Bankruptcy Withdrawal

Judge

Colleen McMahon

Date Filed

August 25, 2011

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.