June 11, 2019 / 1:51 AM / 5 days ago

Defunct law firm Sedgwick says claw-back deal key for bankruptcy liquidation

Forty-five former partners of Sedgwick LLP will return nearly $1.6 million to the defunct San Francisco law firm to settle potential claw-back claims over payments made to them before it shuttered its doors.

The settlement will pave the way for a liquidation plan as it resolves a key issue in Sedgwick’s Chapter 11 bankruptcy, according to a June 6 filing in U.S. Bankruptcy Court in San Francisco.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2ZiKVwE

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