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The "Unfinished Business" Rule — Knocked out in New York, not yet in California

In recent years, the bankruptcy trustees of dissolved law firms have sought to claw back post-dissolution profits from the new firms to which the dissolved firms' lawyers have moved as an asset of the dissolved firm's bankruptcy estate. The issue stems from a 1984 California case, Jewel v. Boxer, 156 Cal. App. 3d 171, which the trustees have argued, in an array of cases around the United States, established the "unfinished business rule" with respect to matters that had been commenced but not completed at the dissolved firms. More ›

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