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January 11, 2002 |

Rewarding a Star Professor at Florida State University Law School

Broward County, Fla.'s largest law firm, Ruden McClosky Smith Schuster & Russell, made an endowment to the Florida State University law school some four years ago at the urging of Ruden McClosky partner and FSU alumnus Terry Russell. Along with a $50,000 matching grant from the state, the money has finally been allocated to reward professor Robert Atkinson, who teaches professional responsibility, ethics and law and literature.
2 minute read
May 04, 2010 |

Ruden McClosky Securities Head Switches to Shutts & Bowen

Shutts & Bowen is expanding in Fort Lauderdale, Fla., with the addition of three attorneys, including the head of Ruden McClosky's securities law practice group. Robert Brighton, a 12-year Ruden veteran, expressed concerns about the legal community's perception of Ruden, which has been hemorrhaging attorneys as it faces financial woes blamed on the real estate downturn. Brighton also said he refused to sign a personal guarantee, which Ruden asked all partners to sign this year to shore up its line of credit with Wachovia.
2 minute read
January 27, 2011 |

Ruden McClosky suspends payments to ex-partners

Financial troubles at Ruden McClosky are deepening, with the Fort Lauderdale-based firm suspending all capital payouts to former equity shareholders. In a letter to about 50 to 60 former equity shareholders Saturday, co-managing partners Michael Krul and Carl Schuster said the firm was declaring a "moratorium" on all capital account repayments. The three-paragraph letter stated the firm would review the situation "later in the year."
4 minute read
October 01, 2002 |

Florida Firm Faces Age Bias Suit by Former Employee

Marilyn Beckman spent nearly half her life at Ruden McClosky Smith Schuster & Russell, starting as a receptionist when there were only eight lawyers at the Fort Lauderdale, Fla.-based firm. In what is the latest trouble for Ruden McClosky, Beckman filed suit in U.S. District Court in July, alleging she was the victim of age and gender discrimination, replaced by a younger man who earned more than she did.
6 minute read
August 18, 2011 |

Sources: Ruden talking merger with Ohio firm

Ruden McClosky is deep into merger talks with Cleveland-based Benesch, a 175-lawyer firm with offices in Ohio, Indianapolis, Philadelphia, New York, Delaware and China. Benesch attorneys were at Ruden's offices last Thursday and Friday for talks and an announcement could come within weeks, sources said.
5 minute read
February 24, 2010 |

Ruden McClosky Faces Tough 2010 With Fewer Lawyers, Offices

For the first time in a decade, Ruden McClosky's partners were forced to sign personal guarantees to secure the law firm's line of credit with its bank. It's a telling sign of the serious financial problems faced by the firm, which last year saw substantial layoffs, an 18 percent pay cut, mass defections and the closing of two offices. With sources saying attorneys are being courted and offices such as Tallahassee and Miami are struggling, many believe Ruden McClosky is in a major restructuring mode.
6 minute read
April 23, 2010 |

Did Ruden McClosky Take $1.1 Million From an Alzheimer's Organization?

Florida law firm Ruden McClosky has been plagued by partners leaving, a Ruden lawyer describing firm management as "morons," a decrease in head count from 175 to about 100, and rumors that the firm will dissolve. Now, an association devoted to the study and treatment of Alzheimer's disease has filed a lawsuit accusing Ruden and two former firm principals of misappropriating $1.1 million from the organization and using the money, in part, to fund a startup run by the daughter of a former Ruden lawyer.
3 minute read
February 23, 2010 |

Ruden McClosky faces tough 2010 with fewer lawyers and offices

For the first time in a decade, Ruden McClosky asked its partners to sign personal guarantees to renew a line of credit with its banker. It's the latest in a line of problems for the Fort Lauderdale-based firm.
6 minute read
July 09, 2010 |

Two equity partners making exit from Ruden

Equity partners Matthew Nelles and Glen Stankee are leaving Ruden McClosky, throwing it below a threshold set by its bank to support its line of credit.
3 minute read
July 02, 2012 |

Ruden McClosky's bankruptcy case won't be converted to liquidation

A federal bankruptcy judge has dropped the idea of converting Ruden McClosky's bankruptcy case to a liquidation.
1 minute read

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