Howrey, which officially dissolved in March and was forced into Chapter 7 proceedings in April, has filed a series of financial statements this month with a federal bankruptcy court in San Francisco.
In a summary of schedules filed July 6, Howrey listed assets of $138.7 million against liabilities of $107 million. Subsequent court filings, however, show that the firm’s financial outlook as of late June was actually much bleaker, though it could improve thanks to settlements secured this month by former Howrey partners in a pair of contingency fee cases.
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