Dewey & LeBoeuf’s former chief operating officer, Dennis D’Alessandro, lost his bid to dismiss a trustee’s $9.3 million clawback suit against him.
Dewey & LeBoeuf bankruptcy trustee, Alan Jacobs, has argued D’Alessandro’s employment contract was so favorable that it must have been the product of negotiations not at arm’s length. The trustee said the payments to D’Alessandro constituted preferential and fraudulent transfers, noting he was the firm’s third-highest paid administrator.
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