The Chapter 11 bankruptcy filing of the former chief financial officer of McElroy Deutsch Mulvaney & Carpenter LLP has been dismissed. The New Jersey bankruptcy judge ruled that the filing was made in “bad faith” in an attempt to delay ongoing state litigation. The ex-CFO, currently incarcerated for embezzling over $1 million from the firm, sought bankruptcy protection, but the court found the maneuver merely a tactic to hinder other legal proceedings. More details can be found in the original article.
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