Law Practice
Oct. 16, 2013
Tentative ruling finds firm broke from reorganization plan
Los Angeles bankruptcy firm Levene Neale may have violated court orders by improperly distributing millions of dollars in client funds, according to a tentative opinion.
Daily Journal Staff Writer
A bankruptcy judge found in a tentative ruling this month that Los Angeles bankruptcy firm Levene, Neale, Bender, Yoo & Brill LLP violated court orders by improperly distributing millions of dollars in client funds.
In the tentative ruling, U.S. Bankruptcy Judge Geraldine Mund in the Central District said the firm paid out about $6.4 million from a reserve fund before it should have. But she lef...
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