The estate of the defunct law firm Thelen is seeking a bankruptcy judge’s approval of a $900,000 settlement of a state court action by State Street Bank and Trust Company. The payment would come from Thelen’s insurer and resolve all claims against the law firm in the litigation pending in Manhattan Supreme Court, according to a motion filed earlier this month by Yann Geron, a partner at Fox Rothschild who is the trustee for Thelen’s estate. A hearing is scheduled for June 2 before Southern District of New York Bankruptcy Judge Allan Gropper.
“If the court approves the settlement, we believe the Thelen estate will be glad to have the matter behind it,” said Michael Feldberg, a partner at Allen & Overy who represents Thelen in the case, AG Capital Funding Partners v. State Street Bank and Trust Company, 601134/2002.
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