$2.2M Deal Struck To End Law Firm Suit By Ch. 7 Trustee
Law360 (October 27, 2020, 3:50 PM EDT) -- The Chapter 7 trustee of a bankrupt Puerto Rican law firm is asking a federal judge to dismiss her mismanagement claims against the firm's former directors and officers, saying the parties and their insurers have reached a $2.2 million settlement.
Trustee Noreen Wiscovitch-Rentas, the former directors of Fiddler Gonzalez & Rodríguez and the firm's insurance carriers filed a joint motion Monday to dismiss Wiscovitch-Rentas' suit in accordance with the settlement approved by the bankruptcy court last month.
San Juan-based Fiddler Gonzalez declared bankruptcy in May 2017 with about $4.5 million in debt, and Wiscovitch-Rentas was appointed Chapter 7 trustee.
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