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Pannell Kerr Forster
Representation of the creditors’ committee in the chapter 11 case of accounting firm Pannell Kerr Forster. 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.
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Circuit Court
9th Circuit
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