NEW YORK Former Dewey & LeBoeuf chairman Steven Davis has agreed to pay the bankrupt firm’s estate more than $500,000 as part of a broader settlement that is expected to insulate him from most future claims related to his alleged mismanagement of the firm.
Under a deal filed with the bankruptcy court on April 11, Dewey insurer XL Specialty Insurance Co. will contribute $19 million to the estate to help pay off the firm’s creditors.
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