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McKool Smith Helps Secure Settlement for Liquidating Trustee in D&O Suit Against BearingPoint, Inc.

March 21, 2013

McKool Smith reached a $55 million settlement on behalf of client John DeGroote Services, LLC, as Liquidating Trustee to the BearingPoint, Inc. Liquidating Trust, in its lawsuit against former Directors and the former Chief Executive Officer of BearingPoint for violations of corporate governance obligations.

“Our client is very pleased with the terms of the settlement,” said Robert Manley, lead counsel from McKool Smith. “This was a complex case, and we are satisfied that the matter was brought to a favorable conclusion.”

The McKool Smith team representing the Trust included attorneys Robert Manley, Lewis T. LeClair, Avery Williams, Paul D. Moak, Christopher D. Johnson, Blake Bailey, and Jill Adler Naylor.

With more than 185 trial lawyers across offices in Austin, Dallas, Houston, Los Angeles, Marshall, New York, Silicon Valley, and Washington, DC, McKool Smith has established a reputation as one of America’s leading trial firms. Over the past seven years, the firm has secured eight nine-figure jury verdicts, as well as seven eight-figure jury verdicts. The firm has also won more National Law Journal and VerdictSearch "Top 100 Verdicts" over the last five years than any other law firm in the country. Courtroom successes like these have earned McKool Smith critical acclaim and helped the firm become what The Wall Street Journal describes as “one of the biggest law firm success stories of the past decade.” McKool Smith represents leading clients in complex commercial litigation, intellectual property, bankruptcy, and white collar defense matters.

For additional information, please contact Michael R. Coston at 212-402-9450 or mcoston@mckoolsmith.com.