Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm

Housing Wire-

As HousingWire first reported Thursday, Morris Schneider Wittstadt officially filed for Chapter 11 bankruptcy on Monday. The firm did open for business on Monday, but went so far as to tell all employees not to bother reporting to work on Monday morning.

On Thursday, HousingWire reported that the Georgia-based law firm and its partners, which made national headlines last year when the firm sued its former managing partner for allegedly embezzling $30 million from the firm’s accounts and the accounts of the firm’s subsidiary, LandCastle Title, allegedly told the firm’s employees that the firm intended to file for bankruptcy and that the firm’s staff would not be paid for their last three weeks of work.

Morris Schneider Wittstadt followed through on its stated intention of filing for bankruptcy, filing for Chapter 11 protection in the United States Bankruptcy Court for the Eastern District of Virginia – Richmond Division.

 [HOUSINGWIRE]

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