Debt-Ridden Thacher Asks 1st-Years To Return Cash

Law360, New York (March 9, 2009, 12:00 AM EDT) -- Citing pressure from Citigroup NA, two men tasked with dissolving Thacher Proffitt & Wood LLP say they are hitting up a number of former first-year associates for advances paid out for bar preparation exams and other expenses prior to the firm's collapse.

Former Thacher managing partner Omer "Jack" Williams revealed his dissolution committee was employing the tactic in a report on the legal news Web site Law.com. And former managing partner Paul Tvetenstrand – now a partner with Sonnenschein Nath & Rosenthal LLP - told the...
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