The American Lawyer | Analysis
By Dan Roe | December 28, 2023
From Stroock to Schnader, firms that failed struggled with common issues of recruitment, retention and financial obligations.
By Dan Packel | November 4, 2021
A Virginia bankruptcy judge declined to wipe claims touching on conspiracy, breach of fiduciary responsibility and misappropriation from an August amended complaint.
By Dan Packel | October 19, 2021
The Chapter 7 trustee for LeClairRyan sued the defunct firm's former directors and officers for $41.5 million in 13 separate actions in September.
By Dan Packel | July 20, 2021
Allegations that a joint venture between the two entities resulted in the unauthorized practice of law were enough to underpin a conspiracy claim, a Virginia federal judge ruled.
By Dan Packel | June 24, 2021
A hearing on the dispute turned on the question of whether the arrangement between the parties violated rules of professional conduct. The trustee wants to recover $128 million to pay off the firm's creditors.
By Dan Packel | March 9, 2021
Jason Cyrulnik, represented by Marc Kasowitz, has filed his own suit, claiming his exit followed a spike in the value of a cryptocurrency firm asset that had grown to over $250 million.
By Dan Packel | October 28, 2020
LeClairRyan was already on its last legs when it negotiated a joint venture with UnitedLex. In the end, its creditors paid the price, according to a lawsuit filed Tuesday.
By Dan Packel | September 3, 2019
The firm owes $15 million to two secured creditors, including its joint venture with UnitedLex. But it says that it expects to have some funds left for its unsecured creditors.
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