A proposed $90.4 million settlement with former Dewey & LeBoeuf partners designed to raise much-needed cash for the bankrupt firm’s creditors is set to move forward, according to an email sent to the partners.
“We have received signed settlement agreements with commitments for over $50m from former Dewey partners,” Dewey’s chief restructuring officer, Joff Mitchell of Zolfo Cooper, wrote in the two-sentence email obtained by The American Lawyer. “The threshold for us to take the partner contribution plan to the creditors and the Bankruptcy Court for approval has now been crossed.”
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