24 July 2013

Diamond McCarthy pursue former Howrey partners

The ramifications of the Howrey dissolution is ongoing as the bankruptcy trustee continues on the trail of creditor protection.

By Charlotte Mullen

Defunct law firm Howrey picked apart in a litigation frenzy Mmaxer

US litigation law firm Diamond McCarthy has charged one million dollars in fees and nearly $80,000 in expenses in the last four months as partner Allan Diamond goes on a litigation spree recovering money for the creditors of defunct law firm Howrey. According to the Wall Street Journal, the bankruptcy trustee has been busy fighting to recover a share of the profits from former partners now engaged by other law firms to return to Howrey’s creditors. Over a four-month span, Mr Diamond has sued  16 of about 70 law firms employing former Howrey partners.

Settlements

Firms which have settled with Mr Diamond include Holland & Knight LLP, Fenwick & West LLP, Wilson Sonsini Goodrich & Rosati PC, Novak Druce Connolly Bove & Quigg and Dickstein Shapiro LLP.  A number of other firms are in discussions with the bankruptcy trustee. Howrey, which was dissolved in March 2011, has had its Washington DC office closed by Mr Diamond and his team earlier this year.  


 

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