A Texas bankruptcy judge has thrown out a suit against Weil, Gotshal & Manges by a former client who had accused the New York law firm of steering it into a “disastrous” Chapter 11 filing.
The National Benevolent Association, the social services arm of the Christian Church (Disciples of Christ), filed for bankruptcy in 2004, becoming one of the largest non-profit organizations to have ever done so. The St. Louis, Mo.-based group shrank dramatically as a result of the bankruptcy, and it claimed in its September 2005 suit against Weil Gotshal that the firm should have explored less disruptive alternatives. The group had sought $40 million in damages.
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