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Home / News in Brief / Trustee calls for action to end ‘hemorrhaging’ at LeClair (access required)

Trustee calls for action to end ‘hemorrhaging’ at LeClair (access required)

The U.S. Trustee’s office says a bankruptcy judge should promptly appoint a supervisor for the wind-down of LeClairRyan PLLC. The trustee urges the presiding judge to convert the firm's bankruptcy action to Chapter 7 to try to stem the tide of administrative expenses in the face of collection shortfalls. “Not only is the cash flow diminishing, but ...