Ex-Dewey Partners Commit $70M To Clawback Deal

Law360, New York (August 17, 2012, 3:01 PM EDT) -- Dewey & LeBoeuf LLP’s bankruptcy restructuring team has secured more than $70 million from former partners in a proposed $90.4 million settlement deal that would shield attorneys from potential clawback litigation, according to an update sent to partners Friday. 

The firm’s former partners had until 5 p.m. on Thursday to sign a proposed settlement deal in which they said they would pay the money in exchange for an agreement that would block any future clawback litigation from the firm and creditors. By 2:45 p.m., more than 300...
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