Almost a month after filing for Chapter 11, the remnants of Florida firm Ruden McClosky are set to be sold to Fort Lauderdale-based Greenspoon Marder as part of a deal that returns $5.8 million to creditors.
Sibling publication the Daily Business Review reports that after a marathon 14-hour negotiating session, an agreement was reached whereby former Ruden partners will receive up to half of the now-defunct firm’s $10 million in account receivables.
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