A bankruptcy trustee has settled with Squire Patton Boggs after accusing legacy firm Patton Boggs of lowballing the amount it earned from a client.
Squire Patton Boggs will pay $150,000 to the estate of Patton Boggs’ former client, First Place Financial Corp. bank, within 10 days, according to court documents filed Jan. 9 in U.S. Bankruptcy Court for the District of Delaware. The bank’s trustees won’t be able to bring other suits against the firm related to the case, the terms of the settlement said.
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