LAWSUITS NEWS & LEGAL INFORMATION
Arter & Hadden LLP
This is a settlement for the Bankruptcy lawsuit.
In a settlement reached, a US bankruptcy judge has approved a more than $11 million settlement to be paid by former partners of Arter & Hadden LLP. The money will allow a significant distribution to the 400 or more creditors of the defunct firm, including court reporters, legal researchers, former landlords, suppliers and retired partners, according to lawyers for Gertz, the bankruptcy trustee who sued the partners. Sources claim that creditors should receive payments of up to 20% of their allowed claims, which is in the upper range of similar cases. About 80 of the partners who agreed to settle formed Tucker, Ellis & West in Cleveland and Bailey Cavalieri in Columbus after leaving Arter & Hadden. The remaining 100 who settled worked at Arter & Hadden's 12 offices throughout the country. [PLAIN DEALER: BANKRUPTCY FRAUD]
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Published on Sep-18-07
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