12/21/2005
Law Firm Disqualified from Representing Defendants in Adverse Bankruptcy Proceedings Despite Liquidation Sale of Substantially All Assets and Name Change by Former Client/Plaintiff
In Re: I Successor Corp, Inc., 321 B.R. 640 (Bankr. S.D.N.Y. 2005)
Brief Summary
This case establishes the principal that the remnant of a company liquidated in bankruptcy is entitled to continuing duties of loyalty and confidentiality by former counsel, making disqualification of former counsel appropriate in substantially related matters.
Hinshaws Lawyers for the ProfessionSM Alert can also be viewed at http://www.lawyeringlaw.com.
