JCPenney Seeks Return of More Than $1.1M From Jackson Walker For Bankruptcy Work
The bankruptcy administrator for JCPenney alleges Jackson Walker should disgorge fees, because it failed to disclose that one of its partners was involved in a romantic relationship with the bankruptcy judge presiding over the company's bankruptcy.
January 30, 2025 at 12:13 AM
3 minute read
What You Need to Know
- The administrator for JCPenney's bankruptcy filed a federal suit against Jackson Walker on Tuesday seeking disgorgement of more than $1 million in fees.
- It alleges the firm breach a fiduciary duty by failing to disclose a romantic relationship between a partner and a judge.
- Jackson Walker faces similar litigation filed by the U.S. Trustee's Office in the Southern District of Texas.
The bankruptcy administrator for JCPenney has sued Jackson Walker, seeking the disgorgement of more than $1.1 million in legal fees for work the firm did on the retailer's bankruptcy, because the Dallas-founded firm failed to disclose that a partner was involved in a romantic relationship with the judge presiding over the bankruptcy.
The administrator asserts in the complaint filed on Tuesday in U.S. Bankruptcy Court for the Southern District of Texas that Jackson Walker failed to inform JCPenney "at any time" about the relationship between Elizabeth Freeman, at the time a partner in Jackson Walker, and former Judge David Jones. The administrator alleges that instead of making the necessary disclosures, it "consciously and deliberately made the economic decision to breach its duties" to JCPenney and its affiliates, and all fees paid to Jackson Walker should be disgorged.
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