Fraudulent Conveyance, Successor Firm Liability and Jewel v. Boxer “Unfinished Business” Claims
Representation of a major law firm in adversary proceedings asserted by bankruptcy trustee of a dissolved law firm alleging fraudulent conveyance, successor firm liability and Jewel v. Boxer “unfinished business” claims. The unfinished business doctrine requires a law firm that hires partners from a bankrupt firm to pay the profits from matters not finished before bankruptcy to the trustee. Successfully argued for the client and seven other major firms in the New York Court of Appeals which determined the unfinished business doctrine is not New York law. Based on this decision, California also dismissed similar claims.