Dewey's $71M Ex-Partner Clawback Deal Wins Court Approval

Law360, New York (October 9, 2012, 7:54 PM EDT) -- Capping off weeks of anticipation, the New York bankruptcy judge overseeing Dewey & LeBoeuf LLP's bankruptcy handed the defunct firm a major victory late Tuesday by approving a $71 million clawback deal with former partners, overruling objections by two ex-partner groups.

In granting the debtor's motion for approval of the so-called partner contribution plan, U.S. Bankruptcy Judge Martin Glenn ruled on two pending interrelated motions that he said he had to consider together, including the motion for approval under Section 9019 of the Bankruptcy Code of...
To view the full article, register now.