Dewey Creditors Seek Right To Sue Ex-Directors

Law360, New York (November 13, 2012, 4:19 PM EST) -- The official committee of unsecured creditors in Dewey & LeBoeuf LLP's bankruptcy sought permission Monday from a New York bankruptcy judge to prosecute and settle breach of fiduciary duty claims on behalf of the debtor's estate against three former executives.

According to the motion, Dewey itself has consented to the committee winning derivative standing to pursue those claims against former Dewey chairman Steven Davis and former executive directors Steven DiCarmine and Joel Sanders “in order to protect the interests of the debtor's estate and its creditors.”...
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