BOSTON, Feb. 18 2005 – LAWFUEL – The Law News Network — We are disappointed that certain of the firm’s former partners saw fit to file an involuntary Chapter 11 petition against the firm yesterday. Since the firm’s announced dissolution on January
14, 2005, the firm has proceeded to wind down its affairs in an orderly manner
to maximize the value of its assets for the benefit of its creditors,
employees and partners.
The firm is current in its obligations to all of its
creditors and employees. The firm’s paramount concern remains to ensure an
orderly transition of its clients and the satisfaction of its obligation to
its employees and creditors. This action by certain of the former partners
could only disrupt this process and will be vigorously contested by the firm,
as the firm has more than sufficient resources to satisfy all of its
obligations to employees and creditors. We look forward to a prompt
resolution to this matter.