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Bankruptcy

Apr. 23, 2015

Thelen bankruptcy nears end after latest settlement

Former employees of Thelen LLP have reached a settlement agreement with the defunct firm's estate that will bring its long bankruptcy process very close to an end.


By Joshua Sebold


Daily Journal Staff Writer


Former employees of Thelen LLP have reached a settlement agreement with the defunct firm's estate that will bring its long bankruptcy process very close to an end.


The settlement will give the employees, 625 former staff members, of counsel and associates, who were certified as a class in 2009, a good chance of recovering up to $4 million and the remote possibility of up to $7 million.


Th...

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