Bankruptcy
May 6, 2014
ABA supports defendant firms' arguments in clawback case
The American Bar Association waded into the debate on law firm bankruptcies Friday, filing an amicus brief that echoes arguments made by firms defending themselves against clawback cases brought by the estates of defunct firms.
Daily Journal Staff Writer
The American Bar Association waded into the debate over "clawback" claims in law firm bankruptcies Friday, filing an amicus brief that echoes arguments previously made by the new employers of partners from defunct firms.
Bankruptcy law currently allows an estate to claim profits from matters that began at the firm before it dissolved. But taking a line of argument advanced by ex-partners an...
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