A Virginia federal judge on Tuesday approved a settlement agreement that gives LeClairRyan co-founder Gary LeClair a $1.6 million unsecured claim in the defunct firm’s ongoing bankruptcy proceedings. The settlement comes after the federal judge and a bankruptcy judge slammed LeClair and a trustee for asking permission to undo prior rulings that had implications for LeClair’s tax debts.

U.S. District Judge David Novak of the Eastern District of Virginia OK’d the modified settlement in a morning hearing, which was followed by a separate proceeding before U.S. Bankruptcy Judge Kevin Huennekens, who has been overseeing the fallout of the firm’s dissolution since 2019.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]