July 27, 2023
A Virginia federal judge on Thursday excoriated a court-appointed trustee and a founder of the defunct LeClairRyan for a "presumptuous" settlement deal that sought to undo previous court orders outside the appeal process.
June 27, 2023
The Virginia federal bankruptcy judge overseeing the contentious aftermath of LeClairRyan's collapse declined Tuesday to approve a settlement with a longtime firm leader with potentially big tax implications for him and dozens of other ex-partners.
June 20, 2023
A LeClairRyan founder and the trustee for the defunct Virginia partnership have agreed to end a bitter dispute over unpaid taxes and millions of dollars in "phantom" income stemming from the firm's implosion four years ago.
April 20, 2023
The ex-CEO of a defunct blood test company who filed a $603 million malpractice suit against LeClairRyan before the Virginia law firm filed for bankruptcy in 2019 has agreed to settle her claim with its bankruptcy estate for $300,000.
March 28, 2023
The Chapter 7 trustee overseeing the liquidation of defunct law firm LeClairRyan told a Virginia bankruptcy judge Tuesday that about $140,000 of estate funds had been moved out of Signature Bank earlier this month when it collapsed, and the funds are now safe at a new bank.
March 07, 2023
The trustee for the defunct LeClairRyan has reached a round of settlements with the firm's last president and a handful of ex-board members, all of whom were accused of draining millions from the teetering business in its last years and helping drive it into bankruptcy.
January 02, 2023
The professional responsibility bar will benefit from a long winter's nap as we head into a busy 2023. On deck is a slew of ethics cases for election "big lie" lawyers and a U.S. Supreme Court case addressing the attorney-client privilege. Here, Law360 looks at these and the other big legal ethics cases to watch in the coming year.
December 02, 2022
Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BlockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.
November 30, 2022
The liquidating trustee overseeing the Chapter 7 case of defunct law firm LeClairRyan PLLC has received bankruptcy court approval for a settlement that resolves a $28 million malpractice suit in which a former client sued the firm for its work on an insurance dispute.
November 28, 2022
The Chapter 7 trustee for LeClairRyan asked a Virginia bankruptcy judge on Sunday for permission to pay $2.1 million to settle a $28 million claim against the defunct law firm for its handling of litigation over insurance coverage for a Virginia hotel.