Howrey Trustee Wins Judge's Blessing Of $4M Clawback Deal

Date: June 30, 2014

Law360, New York (June 30, 2014, 3:26 PM ET) -- A California bankruptcy judge on Friday approved a settlement under which 60 former partners of Howrey LLP agreed to pay the defunct firm's Chapter 11 trustee $4.2 million to resolve pending clawback claims despite an objection from a small group of unsecured creditors.

The settlement was reached in conjunction with the official committee of unsecured creditors.

The committee is represented by Bradford F. Englander of Whiteford Taylor Preston LLP.