The courts continue to pick away at the “unfinished business rule.” The latest blow came earlier this month when a U.S. district court dismissed a Chapter 7 trustee’s claims against eight law firms who provided services to former clients of Howrey LLP. We are getting close to the point where the unfinished business rule may … Continue Reading
A group of former partners of Dewey & LeBoeuf LLP are doing everything they can to hold on to monthly partnership draws they received in the months and years leading up to Dewey’s collapse. The trustee of the Dewey Liquidation Trust has argued, among other things, that monthly partnership draws are avoidable and recoverable as … Continue Reading