New York’s High Court Considers Fees From Defunct Law FirmsJune 1, 2014 – In The News
Yann Geron was quoted in The Wall Street Journal article “New York’s High Court Considers Fees From Defunct Law Firms.” While the full text can be found in the June 1, 2014, issue of The Wall Street Journal, a synopsis is noted below.
Lawyers continue to bill long after their firms go under. A court case this week will test whether creditors to a struggling firm can stake claims to the lawyers’ fees.
Geron, who is overseeing the liquidation of Thelen LLP, says the unfinished-business doctrine doesn’t threaten a client’s right to choose counsel.
“There’s no evidence anywhere in any of these cases…that client choice has been affected by the implementation of this,” Geron says.