SAN FRANCISCO — Pillsbury Winthrop Shaw Pittman has reached a $10 million settlement in a malpractice dispute with bankrupt client SonicBlue, a court filing Tuesday shows. The firm will pay $7.6 million and forgo $2.4 million in outstanding fees to SonicBlue’s estate, according to the filing, which awaits approval by a bankruptcy judge at a hearing slated for March 31. SonicBlue’s estate had sued Pillsbury for malpractice and breach of fiduciary duty, demanding the firm return $4.2 million in fees and pay $11 million in damages. “The creditors committee is pleased with the terms of the settlement,” said Ron Oliner, a partner at Duane Morris who represents the creditors committee in the bankruptcy. Pillsbury General Counsel Ronald Van Buskirk declined to comment beyond pointing at language in the settlement saying the deal had been reached to the parties’ mutual satisfaction.
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