Cooley Godward Kronish LLP: Cooley Bankruptcy Team Secures Multi-Million Dollar Settlement for Unsecured Creditors in Retail Bankruptcy Dispute
Financial Services July 31st, 2007
NEW YORK, NY (MARKET WIRE) Cooley Godward Kronish LLP's bankruptcy and restructuring practice has prevailed for the unsecured creditors of Norstan's, a women's budget retailer, in obtaining the desired settlement of a $67 million fraudulent transfer lawsuit arising out of a $53 million leveraged buyout and an earlier distribution of $14 million to insider shareholders.