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Law Practice

Jul. 6, 2012

Former Dewey partner calls settlement plan a “non-starter”

The estate for defunct firm Dewey & LeBeouf LLP is trying to convince former partners to buy in to a settlement plan to avoid the need for often contentious "clawback" litigation.


By Kevin Lee


Daily Journal Staff Writer


Lawyers representing the Dewey & LeBoeuf LLP estate are trying to convince former partners to pay into a settlement account that would satisfy the defunct firm's debt to secured creditors and accelerate bankruptcy proceedings.


The estate announced the proposed settlement plan Tuesday in a New York meeting with bankruptcy lawyers representing former Dewey partners, according to two former Dewey pa...

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