Paul, Weiss, Rifkind, Wharton & Garrison will pay part of a $180 million settlement of claims arising from the bankruptcy of Boston Chicken Inc. Also participating in the settlement are Merrill Lynch & Co., Deutsche Bank Securities and Morgan Stanley & Co. A bankruptcy trustee sued Paul Weiss and the banks along with other advisers that he alleged took part in accounting and securities fraud that he claimed cost investors in the fast-food chain over $1 billion. Paul Weiss and the banks deny any wrongdoing.
February 17, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Paul, Weiss, Rifkind, Wharton & Garrison has agreed to pay part of a $180 million settlement of claims arising from the 1998 bankruptcy of Boston Chicken Inc.
The Jan. 13 settlement, filed in federal court in Arizona, was first reported Wednesday by Dow Jones News Service.
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