After a prolonged mediation process, the LeClairRyan bankruptcy estate looks to have reached a sizable settlement in one of the case’s most high-profile disputes.
The collapsed Richmond law firm’s liquidation trustee has agreed to settle her dispute with legal services giant UnitedLex for $21 million, according to court transcripts.
Trustee Lynn Tavenner had initially sued UnitedLex in 2020, seeking $128 million in damages, claiming the company wrongfully benefited from LeClairRyan’s demise through their failed ULX Partners joint venture.
