US Trustee Fights Dewey Over $700K In Retention Bonuses

Law360, New York (July 18, 2012, 5:56 PM EDT) -- The U.S. trustee overseeing the New York bankruptcy of collapsed law firm Dewey & LeBoeuf LLP on Wednesday objected to the firm's proposal to dole out up to $700,000 in retention and incentive bonuses to its remaining 52 employees, calling it "premature" and potentially economically unfeasible.

U.S. Trustee Tracy Hope Davis objected to the motion asking the New York bankruptcy court to authorize incentive and retention plans for the employees, including 44 operational staff working in departments like human resources, finance and IT, as well as...
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