Ex-Schlotzsky's Brass Can't Sue Haynes and Boone: 5th Circ.

Law360, New York (April 19, 2013, 6:19 PM EDT) -- The Fifth Circuit on Thursday affirmed a lower court’s decision that the former executives at Schlotzsky’s Deli can’t pursue claims that attorneys at Haynes and Boone LLP secretly met with the deli chain’s outside directors to discuss bankruptcy plans, saying it should have sought an accommodation for the suit in its Chapter 11 plan.

A three-judge panel ruled that John C. and Joseph J. Wooley, Schlotzsky's former CEO and vice president, respectively, should have had specific reservations written into its bankrupcty plan if they wanted to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.