Dewey Gets 6-Week Cash Extension To Aid Ex-Partner Deal

Law360, New York (August 15, 2012, 6:14 PM EDT) -- A New York bankruptcy judge on Wednesday granted Dewey & LeBoeuf LLP another extension on a cash lifeline used to sustain operations, giving the collapsed firm more than six weeks to assemble a critical settlement with former partners.

U.S. Bankruptcy Judge Martin Glenn signed off on an order extending Dewey’s access to its lenders’ cash collateral — which was set to expire Wednesday — until Sept 30. The extension provides a window for Dewey to determine whether enough of its partners have accepted a recent settlement...
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