Ruden McClosky, once one of Florida's largest law firms, filed for Chapter 11 bankruptcy protection on Tuesday and signed an asset purchase agreement with Greenspoon Marder to create a 140-lawyer firm under the Greenspoon name. If approved by a federal bankruptcy judge, the sale would close by Dec. 1.
November 01, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Daily Business Review
The struggling Ruden McClosky law firm filed for bankruptcy protection Tuesday and announced an asset sale agreement with Greenspoon Marder to create a 140-lawyer firm based in Fort Lauderdale.
The law firm merger plan was announced an hour after Ruden filed for Chapter 11 bankruptcy protection, listing assets and liabilities of $10 million to $50 million. Wells Fargo is listed as its largest creditor at $4.6 million.
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