A bankruptcy judge has allowed a $137 million suit filed by the trustee handling the bankruptcy estate of imprisoned ex-lawyer Marc Dreier to go forward against hedge fund Westford Asset Management, a net winner in Dreier’s Ponzi scheme. However, the judge has limited the scope of the recovery the trustee can seek.

The Lewis Tein firm has agreed to pay $400,000 to settle a clawback suit by the bankruptcy trustee representing investors cheated by convicted scam artist Nevin Shapiro. Shapiro hired former U.S. Attorney Guy Lewis and Michael Tein to represent him, first as a government witness and then as a criminal target.

One of the largest settlements drafted by the bankruptcy trustee for Scott Rothstein’s defunct law firm appears to have fallen through.

Dechert, Perkins Coie, and an as-yet unidentified labor and employment lawyer are advising former New Jersey Gov. Jon Corzine in cases that could potentially arise from the bankruptcy of MF Global Holdings — the eighth-largest bankruptcy filing in U.S

In a hearing this week, an attorney representing unsecured creditors who claim they lost $165 million in Scott Rothstein’s Ponzi scheme accused the bankruptcy trustee for Rothstein’s defunct law firm of excessively billing the estate for professional fees and “taking actions that are wasteful.”