Bankruptcy
Jan. 1, 2015
Defendant firms faired well in 2014 'unfinished business' cases
This year featured major victories for firms facing lawsuits from the bankrupty estates of defunct firms they hired partners from. Two recent rulings say the firms don't have to pay back profits from matters attorneys brought with them.
Daily Journal Staff Writer
2014 saw two of the biggest victories thus far in the battle to determine whether law firms that absorbed attorneys from bankrupt competitors must pay the estates of the defunct firms for profits they made from matters the new hires brought with them.
The New York State Court of Appeals and the Northern District of California handed down last summer major rulings on "unfinished business" ca...
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