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Forfeited Capital Contributions
Beginning in the fall of 2004, partners in Dallas-based Jenkens & Gilchrist who left the firm also left behind their capital contributions, which in some cases totaled hundreds of thousands of dollars, due to the firm's 'contingent liabilities.'
The former Jenkens partners who left their cash behind may never see a penny of it, or they may recoup some of it, depending on what's left over after the firm covers all of its financial obligations in the wake of its closing on March 31.
Roger Hayse, a former executive at Jenkens who returned to take the
job of president of Jenkens & Gilchrist as it liquidates, says 'job one' is making sure all of the firm's creditors are paid.
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