Dewey Urges Court To Greenlight $70M Clawback Deal

Law360, New York (August 29, 2012, 9:54 PM EDT) -- Dewey & LeBoeuf LLP pressed a New York bankruptcy judge Wednesday to approve a settlement worth over $70 million that would shield former attorneys from potential clawback litigation, arguing that implementing the plan would avoid years of costly litigation and millions of dollars in administrative expenses.

Dewey maintains that its proposed partner contribution settlement plan is fair and in the best interests of the estate since it resolves potential claims and other causes of action that could be lodged against more than 400 ex-partners. The money...
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