US Trustee Announces Settlement with Kaye Scholer

The US Trustee went after the mega firm Kaye Scholer for being less than transparent in its disclosures of conflicts in chapter 11 cases.  The announcement can be accessed here.  Kaye Scholer agreed to pay $1.5 million and “establish a special compliance review committee to certify under penalty of perjury the law firm’s continuing compliance.”

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