Dewey Strikes $1.6M Deal With Paul Hastings, Ex-Partners

Law360, New York (March 5, 2013, 7:04 PM EST) -- Dewey & LeBoeuf LLP on Tuesday landed a $1.6 million settlement with Paul Hastings LLP and four former partners who brought unfinished work to Paul Hastings when Dewey collapsed, a deal that Dewey says will be a catalyst for the resolution of other unfinished business claims.

The deal come shortly after Dewey secured a New York bankruptcy judge's approval of its liquidation plan, enabling the fallen firm to begin paying back its lenders.

The Paul Hastings settlement also eliminates $41 million in claims against the estate...
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