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Bankruptcy

Sep. 11, 2009

11th-Hour Deal Keeps Masry Firm in Business, For Now

Personal injury law firm Masry & Vititoe, pushed into bankruptcy after a slew of litigation over the estate of founder Edward L. Masry, reached a last-minute deal Wednesday that allows the firm to keep running at least for the short term.

By Ciarán McEvoy
Daily Journal Staff Writer

LOS ANGELES - Personal injury law firm Masry & Vititoe, pushed into bankruptcy after a slew of litigation over late the estate of founder Edward L. Masry, reached a last-minute interim deal Wednesday that allows the firm to keep running at least for the short term.

The firm will pay secured creditor Counsel Financial about half of its income since it filed for Chapter 11 protection last month, or $250,00...

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