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The decision came much to the chagrin of UnitedLex, a legal services firm that is owed $8 million from LCR and is in the midst of litigation with its trustee. ....
The trustee also has asked to seal certain records from public view, particularly those related to former LeClairRyan general counsel Bruce Matson. ....
Disbarred former LeClairRyan attorney Bruce Matson shells out more money to LandAmerica bankruptcy estate BizSense file) Six months after losing his law license for inappropriately pocketing seven figures worth of funds from the long-dormant LandAmerica bankruptcy estate, Bruce Matson has cut another sizable check related to the case. The veteran Richmond attorney and longtime general counsel of now-bankrupt law firm LeClairRyan paid an additional $577,000 to the LandAmerica estate in March, according to federal court records. That’s on top of the $2.8 million he repaid to a successor trustee in the case last year after it was brought to light that the funds had been withdrawn from the LandAmerica wind-down account and deposited into personal accounts of Matson and an associate. ....
ADVERTISEMENT ADVERTISEMENT LeClairRyan Trustee Wants UnitedLex Fight Kept In Ch. 7 Case Law360 (January 26, 2021, 3:39 PM EST) The trustee for bankrupt law firm LeClairRyan is pushing back at a bid by legal services giant UnitedLex to move the trustee s $128 million conspiracy and breach of duty suit out of a Virginia bankruptcy court, saying the claims are inextricably part of the bankruptcy case. In an objection filed Monday to UnitedLex s arguments that state law claims against the company belong in district and not bankruptcy court, LeClairRyan Chapter 7 trustee Lynn Tavenner said those claims are inextricably intertwined, factually and legally with LeClairRyan and UnitedLex s claims against each other under bankruptcy law. ....
UnitedLex fights back against claims in LeClairRyan bankruptcy litigation BizSense file) The battle over potentially millions of dollars for the bankruptcy estate of collapsed Richmond law firm LeClairRyan continues to play out. Legal services giant UnitedLex, which formed a controversial joint venture with LeClairRyan leading up to its dissolution, wants the bulk of the claims filed against it last fall by the law firm’s bankruptcy trustee to be dismissed, or at the very least transferred to a different court where it could have a chance to argue its case in front of a jury. UnitedLex, as well as the ULX Partners joint venture entity, was accused last fall by trustee Lynn Tavenner of keeping the law firm alive longer than it should have in order to “improperly and unfairly extract millions of dollars from the estate, to the detriment of LeClairRyan’s creditors.” ....