Following nearly a year of negotiations, Richmond-based law firm LeClairRyan has agreed to pay a $20.375 million settlement to the bankruptcy estate of Health Diagnostic Laboratory.
The settlement, filed late Thursday in the U.S. Bankruptcy Court in Richmond, is subject to approval by the court. It is the result of “arms-length negotiations,” the document states.
Discussions between HDL and LeClairRyan began last October when HDL’s trustee — and at the time it’s chief restructuring officer — sent a letter outlining the bankrupt estate’s claims to LeClairRyan.
