Dewey's $90M Clawback Deal Serves As Bankruptcy Blueprint

Law360, New York (August 17, 2012, 8:06 PM EDT) -- With former Dewey & LeBoeuf LLP partners already agreeing to pay over $70 million to settle proposed clawback claims, experts say that the firm's early settlement approach will likely win approval and could act as a road map in future law firm collapses.

More than half of former Dewey partners have already agreed to pay $70 million in exchange for an agreement that would block any future clawback litigation from the firm and creditors, leaping over the $50 million the threshold the firm said it needed...
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