UnitedLex Corp. committed fraud and got paid before creditors when a joint venture with law firm LeClairRyan unraveled, a trustee for the defunct law firm says.
The Chapter 7 trustee’s complaint filed on Monday in the Eastern District of Virginia targets UnitedLex, as well as ULX Partners, a joint venture that began in 2018 and was intended to help the struggling Richmond, Va-based firm stay afloat. According to the new complaint filed by Foley & Lardner lawyers on behalf of trustee Lynn Tavenner, the venture “only served to plunge LeClairRyan further into insolvency.”
After 31 years in business LeClairRyan filed ...
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