A group of former Howrey LLP partners have agreed to pay more than $4.2 million to the defunct law firm's bankruptcy estate through a settlement that Howrey's trustee calls a crucial step toward constructing a plan to pay back creditors.
The proposed settlement, filed Monday night in U.S. Bankruptcy Court in San Francisco, includes contributions of between $21,000 and $192,000 each from 60 of the firm's former equity partners. Howrey trustee Allan Diamond sought to claw back money that the partners were paid when the firm was allegedly insolvent.
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