A Virginia federal judge on Tuesday approved a settlement agreement that gives LeClairRyan co-founder Gary LeClair a $1.6 million unsecured claim in the defunct firm’s ongoing bankruptcy proceedings. The settlement comes after the federal judge and a bankruptcy judge slammed LeClair and a trustee for asking permission to undo prior rulings that had implications for LeClair’s tax debts.
U.S. District Judge David Novak of the Eastern District of Virginia OK’d the modified settlement in a morning hearing, which was followed by a separate proceeding before U.S. Bankruptcy Judge Kevin Huennekens, who has been overseeing the fallout of the firm’s dissolution since 2019.
