U.S. Trustee, Kaye Scholer Settle Dispute For $1.5M In GSC Bankruptcy

U.S. Trustee, Kaye Scholer Settle Dispute For $1.5M In GSC Bankruptcy

NEW YORK - The U.S. trustee in the Chapter 11 bankruptcy of GSC Group Inc. on Feb. 15 moved in the U.S. Bankruptcy Court for the Southern District of New York for approval of a deal in which the law firm representing GSC would pay $1.5 million to the bankruptcy estate to settle claims against the estate as well as the U.S. trustee's allegations that the firm made false representations to the Bankruptcy Court (In Re: GSC Group Inc., No. 10-14653, Chapter 11, S.D. N.Y. Bkcy.).

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