SAN FRANCISCO — The largest prizes remain unclaimed, but the Howrey estate has notched three more settlements to sweeten its pot for creditors in the interim.
Howrey bankruptcy trustee Allan Diamond notified U.S. Bankruptcy Judge Dennis Montali on Tuesday of settlement agreements that he has struck with a trio of firms that absorbed its partners as the now-defunct firm was disintegrating in 2011. Novak Druce Connolly Bove & Quigg, which hired four former Howrey partners, agreed to pay the estate $75,000. Dickstein Shapiro will fork over just $25,000 for the four partners it hired, largely because the firm struck a "lateral agreement" with the leaders of the defunct firm to purchase the rights to 14 hourly fee matters as well as a contingency fee case, Diamond wrote in a motion filed Tuesday. Wilson Sonsini Goodrich & Rosati, which recruited two former Howrey partners, also agreed to settle with the estate for a confidential amount.
