The LeClairRyan-UnitedLex Dispute Reaches a Pending $21 Million Settlement

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.

Read the source article at Richmond BizSense

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