Lawyers’ Exits in Byju Unit Bankruptcy Raise Eyebrows (Correct)

Prominent law firms are fleeing the tumultuous bankruptcy of a unit of Indian education tech firm Byju’s, further complicating battles over $1 billion in debt, former attorneys and professors said.

The withdrawal of Kasowitz Benson Torres LLP and Hogan Lovells US LLP from their roles in the bankruptcy suggests that the case, which has been marked by arrest and contempt orders, is slated to get even messier as the parties duke it out over $533 million in missing funds.

“These are not fly-by-night firms,” said Nancy Rapoport, a former attorney and professor at the University of Nevada, Las Vegas. “If ...