The bankruptcy trustee for Guo Wengui has struck a nearly $8 million settlement with Brown Rudnick LLP to resolve potential claims tied to the firm’s representation of the detained Chinese businessman during his Chapter 11 case.
The funds will go to the bankruptcy estate for creditors. Additionally, Brown Rudnick agreed to waive claims for its legal fees in exchange for liability releases, according to a proposed settlement filed on April 4 in the US Bankruptcy Court for the District of Connecticut.
The settlement between the law firm and Chapter 11 trustee Luc A. Despins aims to resolve claims the estate ...
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