Howrey, 47 Former Partners Settle Clawback Claims, Firm Settles Jewel Claims

Howrey LLP and counsel for 47 attorneys and a law firm propose to settle for a cash payment of $75,000 and release of $6.1 million in priority and general unsecured claims the estate’s attempts to return funds to the bankrupt law firm (In re Howrey LLPjoint application to compromise filed).

The settlement subject to the U.S. Bankruptcy Court for the Northern District of California’s approval involves payments Howrey made to the attorneys when the firm was insolvent that the estate alleged were fraudulent distributions, goodwill payments made to certain attorneys to ensure they remained with the firm for ...