Ex-Thelen Partner Loses Fight Over Cash Advance ClawbackJune 10, 2015 – In The News
Yann Geron was featured in Law360 article "Ex-Thelen Partner Loses Fight Over Cash Advance Clawback." Full text can be found in the June 10, 2015, issue, but a synopsis is below.
The previous ruling which decided that former Thelen LLP equity partners were required to return the cash advances they were given before the firm’s collapse in 2008 was recently affirmed by a bankruptcy judge.
The original ruling favored the estate’s trustee. Then, ex-Thelen partner Gary Fontana brought the case back to court to be revisited.
Fontana did not agree to the settlement that Thelen’s trustee reached with the other partners who were holding out.
Yann Geron serves as the trustee for Thelen LLP.