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Pannell Kerr Forster

The firm represented the creditors' committeee of accounting firm Pannell Kerr Forster in its chapter 11 case in Los Angeles. The firm pioneered the use of a class-action lawsuit to obtain a release for settling partners against claims of their former, nonsettling partners, relief that was not otherwise permitted in Ninth Circuit bankruptcy cases. This novel approach facilitated settlements with partners that enabled confirmation of a plan.