Howrey Trustee Wins Judge's Blessing Of $4M Clawback Deal
Date: June 30, 2014
Law360, New York (June 30, 2014, 3:26 PM ET) -- A California bankruptcy judge on Friday approved a settlement under which 60 former partners of Howrey LLP agreed to pay the defunct firm's Chapter 11 trustee $4.2 million to resolve pending clawback claims despite an objection from a small group of unsecured creditors.
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The settlement was reached in conjunction with the official committee of unsecured creditors.
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The committee is represented by Bradford F. Englander of Whiteford Taylor Preston LLP.