Dewey Backs Off Contentious Exec Bonus Plan

Law360, New York (October 3, 2012, 6:08 PM EDT) -- Ending a battle before it began, bankrupt Dewey & LeBoeuf LLP quietly withdrew a plan Tuesday to pay its finance director a $165,000 bonus that had rankled former partners and the U.S. trustee and had promised to be a point of contention at a Thursday hearing.

The move, which came as a one-sentence status update on a proposed agenda item ahead of the hearing on the contested motion for authorization to pay bonuses to certain employees key to the firm's winding down, means the debtor is...
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