Those working on and following the Dewey & LeBoeuf bankruptcy will have to wait a bit longer to find out how the judge overseeing the case will rule on what has become a pivotal element of the defunct firm’s plan to make its way through Chapter 11: a proposed settlement that would recover $71.5 million from former partners.
An all-day hearing Friday in New York ended inconclusively with U.S. Bankruptcy Judge Martin Glenn saying he would take both sides’ arguments under consideration but would not rule from the bench on whether the settlement would be approved.
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