Ex-LeClairRyan Atty Stays As Ch. 11 Trustee Despite Conflict

Law360, New York (December 20, 2017, 8:02 PM EST) -- A New Jersey federal court Wednesday found a former LeClairRyan attorney can stay on as trustee of a bankrupt real estate holding company, saying previously undisclosed connections between LeClairRyan and the company’s ownership were not serious enough to disqualify him.

District Court Judge Susan D. Wigenton upheld a bankruptcy court’s ruling denying a request to remove Charles Forman as trustee of Bank Building Associates LP for failing to disclose those connections when he was first appointed, saying they were overlooked by mistake, disclosed as soon as they were uncovered, and were too far back in time to disqualify him.

“The removal...

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New Jersey

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Bankruptcy Appeal (801)

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September 20, 2017

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