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Wiped out. (Law).


A local surf wear company forced to file for bankruptcy protection because of a legal dispute with a licensor owes six local law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 more than $2.7 million in unpaid legal fees.

Gotcha (jargon, programming) gotcha - A misfeature of a system, especially a programming language or environment, that tends to breed bugs or mistakes because it both enticingly easy to invoke and completely unexpected and/or unreasonable in its outcome.  International, based in Irvine, filed for Chapter 11 protection Aug. 23. Since last fall, the company has been mired mire  
n.
1. An area of wet, soggy, muddy ground; a bog.

2. Deep slimy soil or mud.

3. A disadvantageous or difficult condition or situation: the mire of poverty.

v.
 in a legal squabble squab·ble  
intr.v. squab·bled, squab·bling, squab·bles
To engage in a disagreeable argument, usually over a trivial matter; wrangle. See Synonyms at argue.

n.
A noisy quarrel, usually about a trivial matter.
 with Ederel Sport Inc. that forced Gotcha into bankruptcy.

As part of its bankruptcy filing, Gotcha said it owed its 20 largest creditors about $3.3 million. The largest creditor, the L.A. office of Dewey Ballantine LLP LLP - Lower Layer Protocol , is owed about $2.4 million. Outstanding debts to Mitchell Silberberg & Knupp LLP are almost $222,000, while the local office of Stroock & Stroock & Lavan LLP has almost $93,000 in unpaid bills.

Other firms listed in the Chapter Il filing were Buchalter Nemer Fields & Younger PC in L.A., Dapeer Rosenblit & Litvak LLP in L.A., and Christie Parker & Hale LLP in Pasadena.

Staff reporter Amanda Bronstad can be reached at (323) 549-5225 ext. 225, or at abronstad@ labusinessjournal.com.
COPYRIGHT 2002 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:surf wear company Gotcha International files for Chapter 11 bandruptcy protection
Comment:Wiped out. (Law).(surf wear company Gotcha International files for Chapter 11 bandruptcy protection)
Author:Bronstad, Amanda
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 16, 2002
Words:176
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