Life Partners’ Lender Seeks Locke Lord DQ From Bankruptcy
Law360, New York (September 8, 2016, 1:40 PM EDT) -- Life Partners Holdings’ financier and asset adviser Vida Capital on Wednesday demanded that Locke Lord LLP be disqualified as counsel to a third party in Life Partners’ ongoing bankruptcy, telling a Texas court that the firm is conflicted as counsel to Vida in other matters.
Vida says that as counsel to Transparency Alliance LLC, an affiliate of BroadRiver Asset Management LP and a creditor in Life Partners’ Chapter 11 bankruptcy, Locke Lord has a clear conflict of interest since it works with Vida in a host of other transactional matters, which the debtor-in-possession lender also claims makes its work for Transparency...
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