Law Firms
Law firm files for bankruptcy after $2.25M verdict against it
Five lawyers are among the creditors listed in a bankruptcy filing by New Jersey law firm Roper & Twardowsky.
The Totowa law firm filed for Chapter 11 bankruptcy protection last Friday, NorthJersey.com reports.
Two of the lawyer-creditors are William Skepnek of Kansas and Steven Smoot of Texas, who were awarded $2.25 million by federal jurors in Kansas in a civil suit against the law firm in October. The lawyers had alleged Roper & Twardowsky never paid them for work they did for the firm in a suit against Prudential Financial Inc.
Claims listed for three other lawyer-creditors range from $497,000 to $2.8 million.
The firm’s bankruptcy filing claims assets of up to $50,000 and liabilities of up to $10 million.
