Dewey Bankruptcy Advisers Seek Quick Deal With Partners

Law360, New York (June 20, 2012, 7:24 PM EDT) -- Dewey & LeBoeuf LLP bankruptcy advisers on Tuesday began outlining a proposed global settlement with former partners that would release attorneys from clawback claims brought by the firm's creditors, according to a person familiar with the matter.

Dewey bankruptcy attorney Albert Togut of Togut Segal & Segal LLP and other Dewey representatives hosted a global conference call with former partners to discuss settling partner contribution obligations in exchange for a liability shield against future claims.

“They want consent rather than have this blow up into a...
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