Baker & McKenzie has agreed to pay $6.65m (£4.2m) to compensate the bankruptcy estate of Coudert Brothers for profits Bakers earned from unfinished business that partners took with them when they left the defunct firm, reports The Am Law Daily. The settlement resolves a lawsuit brought in April 2009 by the liquidation plan administrator for Coudert's estate seeking to recover fees that allegedly should have gone to the firm, which dissolved nearly five years ago.
August 02, 2010 at 04:15 AM
1 minute read
The original version of this story was published on Legalweek
Baker & McKenzie has agreed to pay $6.65m (£4.2m) to compensate the bankruptcy estate of Coudert Brothers for profits Bakers earned from unfinished business that partners took with them when they left the defunct firm, reports The Am Law Daily.
The settlement resolves a lawsuit brought in April 2009 by the liquidation plan administrator for Coudert’s estate seeking to recover fees that allegedly should have gone to the firm, which dissolved nearly five years ago.
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