Deadline For Updated $90M Dewey Clawback Deal Extended

Law360, New York (August 14, 2012, 6:50 PM EDT) -- Bankrupt Dewey & LeBoeuf LLP will give partners until Thursday to approve an updated $90.4 million settlement deal that includes broader language shielding partners from potential clawback litigation, sources familiar with the matter said Tuesday.

The firm sent former partners an updated partner contribution plan on Tuesday night after days of intense negotiations, according to sources speaking on the condition of anonymity. To give partners time to review and approve the latest changes, the Dewey estate pushed the deadline — which had already been extended twice...
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