32 Firms Line Up to Fight 'Unfinished Business' Doctrine at Calif. High Court

, The Recorder

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From Akin Gump to Wilson Sonsini, law firms are protesting the principle that bankruptcy trustees can claw back profits from client matters that partners take with them from defunct firms.

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What's being said

  • Robert W. Dremluk

    The New York Court of Appeals ruled a few years ago claims for unfinished business are not recognized under New York law. It appears that the parties in California are seeking a similar determination from that state‘s highest court. Having been involved in the New York matter I expect that the ethical and practical issues evaluated by New York‘s highest court will be carefully considered by the California Supreme Court, leading it to the same conclusion.

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