You can’t take it with you—or can you? That’s the primary question presented in a partnership-dispute lawsuit that Diamond McCarthy filed recently in a Harris County district court. The law firm seeks to prevent one of its departing nonequity partners, Sheila M. Gowan, from keeping a $1.4 bankruptcy trustee fee “for her sole personal benefit.”
According to the original petition in Diamond McCarthy v. Gowan, which was filed on July 2, Gowan was a nonequity partner at Diamond McCarthy from April 2008 until February 2013. In December 2008, she was appointed Chapter 11 trustee of the Dreier LLP estate, a law firm that filed for bankruptcy after “its principal was indicted for committing investment fraud using a Ponzi scheme,” according to the petition.
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