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Law Practice

Oct. 11, 2012

Dewey partner settlement gains court approval

The Dewey & LeBoeuf LLP estate claimed a crucial victory Tuesday after U.S. Bankruptcy Judge Martin Glenn approved a $70 million partner settlement that will help pay off the estate's creditors.


By Kevin Lee


Daily Journal Staff Writer


The Dewey & LeBoeuf LLP estate claimed a crucial victory Tuesday when a federal bankruptcy judge approved its settlement plan with hundreds of former partners.


The estate trumpeted the settlement plan after weeks of negotiations with secured lenders, unsecured creditors and several hundred former partners as a way to avoid lengthy and costly litigation against former partners. In re Dewey & Le...

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