SAN FRANCISCO — A federal judge in San Francisco on Wednesday added his voice to a wave of rulings finding that the estates of bankrupt law firms aren’t entitled to clawback fees from partners who take unfinished business with them to their new firms.
U.S. District Judge James Donato of the Northern District of California sided with eight big law firms that picked up partners from Howrey LLP, which was forced into bankruptcy in 2011. The firms, led on appeal by Jones Day, argued that U.S. Bankruptcy Judge Dennis Montali erred in letting Howrey’s bankruptcy trustee pursue so-called “unfinished business” claims against them.
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