We find this report shocking. Coudert Brothers files bankruptcy over a $2.5 million legal malpractice verdict. Questions: No Insurance? No income? What could have happened to this ancient firm?
“Defunct firm Coudert Brothers is nearing its official end after filing for Chapter 11 bankruptcy protection in the Southern District of New York Bankruptcy Court late on Friday.
In a petition, the firm stated that it did not have sufficient funds to post appeal bonds to challenge two court judgments against it, including a $2.5m award in a legal malpractice suit filed in Los Angeles Superior Court.”
Nevertheless, it seems that CB has sold its holdings, turned its overseas offices over to others, lost its partners, and now, turns to bankruptcy. Pity the last successful litigant against them! Details.