Kaye Scholer Admits 'Mistakes Were Made' In GSC Disclosures

Law360, New York (January 29, 2013, 1:24 PM EST) -- Kaye Scholer LLP offered a mea culpa Monday to a New York bankruptcy judge over allegations that the firm committed ethics violations in GSC Group Inc.'s Chapter 11, saying it had unintentionally made inadequate disclosures about a financial expert.

The firm told the court it had inaccurately described court financial expert Robert J. Manzo as an executive director of Capstone Advisory Group LLC when in fact he was an independent contractor, meaning the firm failed to disclose the terms of Manzo’s compensation with Capstone, which the...
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