According to The National Law Journal, at least four lawyers and law firms are among the top creditors of Masry amp; Vititoe, the personal injury law firm of Erin Brokovich fame that filed for Chapter 11 bankruptcy protection on Aug. 14.
The firm, based in Westlake Village, Calif., said in bankruptcy court papers that it has spent $3 million defending lawsuits filed by the family and estate of former name partner Edward Masry, who died in 2005.
Not only did a number of litigants come forward alleging that Mr. Masry had promised them certain assets and cash from the firm, additionally, his own estate and heirs instituted claims which have caused the firm to spend its resources, in time and staff, defending such claims, the firm said in an Aug. 24 motion seeking cash collateral in order to keep operating. |
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