Attorney Charles M. Forman and his firm LeClairRyan were not disqualified as Chapter 11 trustee and trustee’s counsel, respectively, for their failure to initially disclose all prior relationships with the debtor and its creditors, a New Jersey federal judge ruled.
In an unpublished Dec. 20 opinion, Judge Susan D. Wigenton, District of New Jersey, affirmed the bankruptcy court below because there was no actual or potential conflict.
In 2014, Bank Building Associates Limited Partnership filed a Chapter 11 to reorganize its debt. After Bank Building sold its only asset, the company consented to having a trustee appointed to “manage the ...
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