Dewey Offers New $90M Clawback Deal To Ex-Partners

Law360, New York (July 26, 2012, 9:45 PM EDT) -- Bankrupt Dewey & LeBoeuf LLP on Thursday reportedly lowered the clawback litigation settlement offer to former partners from $104 million to $90 million and increased the burden on top earners and former Dewey leaders.

The Dewey estate offered more than 700 partners, including almost 400 who left prior to January 2011, a $90.4 million settlement in a partner meeting Thursday that would shield them from future clawback litigation and addressed the concerns of partners who objected to an earlier $103.6 million deal that they said unfairly...
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