Dewey Agrees To Scrap Pension Plans In Deal With PBGC

Law360, New York (June 14, 2012, 1:54 PM EDT) -- Bankrupt Dewey & LeBoeuf LLP agreed Wednesday to terminate its retirement plans in a settlement in New York federal court with the Pension Benefit Guaranty Corp., which had claimed the plans were underfunded by more than $80 million.

U.S. District Judge Jesse M. Furman filed a consent order terminating the three plans Wednesday evening, shortly after PBGC announced that it had resolved its May 14 lawsuit against Dewey on a consensual basis.

“It is hereby ordered that the Dewey & LeBoeuf LLP pension plan, the Dewey...
To view the full article, register now.