Bankruptcy Judge Approves Dewey's Employee Bonus Plan

Law360, New York (July 30, 2012, 1:57 PM EDT) -- A New York bankruptcy judge on Monday partially granted a request by collapsed law firm Dewey & LeBoeuf LLP to pay out bonuses to its remaining employees under key employee retention and incentive plans.

U.S. Bankruptcy Judge Martin Glenn approved most of the defunct firm's proposed plans, agreeing with the firm that it was essential to keep the few remaining employees on board if Dewey is to effectively wind down its operations, maximize the accounts receivable it collects and avoid conversion of the case from Chapter...
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