eCourse
Clawback Liability of Law Firm Partners and LLC Members
Contains material from Jul 2015
Clawback Liability of Law Firm Partners and LLC Members
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The largest law firm bankruptcies shine a spotlight on individual partner and LLC member clawback liability for distributions received during insolvency. Most recently, the Dewey trustee established "strict liability" for such distributions under New York law. Review the current litigation and both types of claims asserted by bankruptcy trustees of failed law firms and the defenses invoked by the former partners and LLC members caught in their nets.
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Clawback Liability of Law Firm Partners and LLC Members: Lessons From the Largest Law Firm Bankruptcies (Jul 2015)
Michael Fishel, Christopher R. Murray
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Session 1
—56 mins
Clawback Liability of Law Firm Partners and LLC Members: Lessons From the Largest Law Firm Bankruptcies (Jul 2015)
The largest law firm bankruptcies shine a spotlight on individual partner and LLC member clawback liability for distributions received during insolvency. Most recently, the Dewey trustee established "strict liability" for such distributions under New York law. Review the current litigation and both types of claims asserted by bankruptcy trustees of failed law firms and the defenses invoked by the former partners and LLC members caught in their nets.
Originally presented: Jul 2015 LLCs, LPs and Partnerships
Michael Fishel,
Diamond McCarthy LLP - Houston, TX
Christopher R. Murray,
Diamond McCarthy LLP - Houston, TX