Dewey's $70M Ex-Partner Clawback Deal On Hold

Law360, New York (September 20, 2012, 4:45 PM EDT) -- Dewey & LeBoeuf LLP, its former partners and creditors will have to sweat it out for another day before gaining approval of the firm's proposed $70 million clawback deal with former partners, after a New York bankruptcy judge on Thursday pushed back a ruling on the deal.

U.S. Bankruptcy Judge Martin Glenn adjourned for the day without ruling whether to grant Dewey’s Aug. 29 motion seeking approval for a proposed partnership contribution plan, or PCP, in which 450 partners agreed to collectively contribute $71 million in...
To view the full article, register now.