In re Independent Pier Co.

MEMORANDUM

RENDELL, District Judge.

BACKGROUND

This matter is before me as a result of the appeal by Dechert Price & Rhoads (“Dechert”) of the bankruptcy court’s order sustaining objections to Dechert’s proof of claim. Dechert had claimed an attorney’s charging lien in the amount of $226,513.83 against a fund created upon the settlement, in 1996, of litigation originally initiated by the debtor with Dechert as its counsel, but pursued for three years prior to settlement by Gilbert Abramson, Esquire (“Abramson”). The *263bankruptcy court rejected Deehert’s claim of a charging lien, determining that…