Baker & McKenzie has agreed to pay $6.65 million to compensate the bankruptcy estate of Coudert Brothers for profits Baker earned from unfinished business that partners took with them when they left the defunct Coudert firm.
The settlement resolves a lawsuit brought in April 2009 by the liquidation plan administrator for Coudert’s estate seeking to recover fees that allegedly should have gone to Coudert, which dissolved nearly five years ago.
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