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A federal bankruptcy judge delayed ruling on a proposed settlement between Brobeck, Phleger & Harrison's estate and Citibank FSB after former Brobeck partners raised objections. Under the deal, Citibank would take $2.85 million in cash as full payment for the $8.2 million still owed by Brobeck's estate. Brobeck's bankruptcy trustee would take over its Citibank debt, paying it by using money from a prior settlement with Morgan, Lewis & Bockius.
November 22, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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