Dewey to propose settlement to ex-partners
Dealing with the aftermath hasnt been any more fun than watching the ship sink. New York law firm Dewey & LeBoeuf still has a long way to go before its finished winding down from its May 28 bankruptcy filing.
July 10, 2012 at 08:30 AM
5 minute read
The original version of this story was published on Law.com
Dealing with the aftermath hasn't been any more fun than watching the ship sink. New York law firm Dewey & LeBoeuf still has a long way to go before it's finished winding down from its May 28 bankruptcy filing.
The latest bit of drama comes from a report yesterday that Dewey will present some of its former partners with a settlement proposal on Wednesday. The firm has been trying to recover funds from its former attorneys who jumped ship prior to its official demise.
Albert Togut, Dewey's bankruptcy counsel, said in a court hearing yesterday that the firm will offer dollar figures for potential payments by former partners at a meeting tomorrow. It is not yet clear what partners would be asked to return money under the settlement and how much each partner would be asked to pony up.
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