CTSW Sees Positive Results in Preference Lawsuits Involving Liquidation Trust of Bookstore Chain

CTSW successfully prosecuted, settled, and mediated to settlement a series of preference lawsuits for the post-chapter 11 liquidating trustee of a large bookstore chain. The overall recoveries were in excess of 20% higher than projected before CTSW was retained. CTSW was retained at the suggestion of an AmLaw 200 firm serving as primary counsel to the Committee of Unsecured Creditors to handle the cases from which the primary counsel was conflicted. CTSW’s Joe Vann worked on the deal. “We worked with our colleagues at this other firm to achieve the satisfying result of a greater recovery,” said Joe.