Boies Schiller Flexner LLP should give back roughly $653,000 to exiled Chinese businessman Guo Wengui’s estate because legal fees were fraudulently transferred to the firm, a court-appointed bankruptcy trustee said.
Guo was ordered via an arbitration award to pay Boies Schiller the fees for its work in a case involving loans owed to one of Guo’s largest creditors, the Pacific Alliance Asia Opportunity Fund LP. But rather than pay the fees himself, Guo directed payment from the shell entity Golden Spring Ltd., Chapter 11 trustee Luc A. Despins said in a complaint filed Aug. 30 in the US Bankruptcy Court ...
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