Dewey & LeBoeuf leaders’ desire for a swift flight through bankruptcy continued Wednesday, with a somewhat chaotic day of bankruptcy-related events taking place to keep the proceedings moving along.
A noon meeting to appoint an unsecured creditors committee, held in a midtown Manhattan hotel, was unexpectedly cut short at about 3:15 p.m. so that many of the major players in the Chapter 11 case could dash more than 50 blocks downtown to a 4 p.m. hearing where U.S. Bankruptcy Judge Martin Glenn was scheduled to reconsider the Dewey estate’s request to access the cash collateral it deems necessary to continue the work required to wind down the firm’s operations.
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