15 Ex-Thelen Partners Settle Trustee’s Contract Claims

March 20, 2012 – In The News
Law 360

Thelen LLP trustee Yann Geron was featured in an article discussing the latest in the contract case between the firm and its ex-partners.

As trustee, Geron approved settlements between the firm and 15 of its former partners stating that five partners agreed to pay $38,900 and another nine agreed to pay $68,200.

In his motions seeking approval of the settlements, Geron said that an investigation showed that he could probably pursue a number of claims against most or all of the firm's former equity partners. The potential claims mostly arose from the failure to meet capital requirements and compensation that the partners received in 2007 and 2008, but the details were kept confidential.