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

, The Recorder


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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