Dewey Rings Up $7.1M Settlement With Italian Affiliates

Law360, New York (January 25, 2013, 7:09 PM ET) -- A New York federal bankruptcy judge Friday approved a €5.3 million ($7.1 million) settlement reached by the estate of the bankrupt Dewey & LeBoeuf LLP with former partners of the firm’s Italian practice who left Dewey before it filed for bankruptcy in 2012.

U.S. Bankruptcy Judge Martin Glenn authorized a settlement whereby Dewey will receive €3.4 million from partners of successor firm Grimaldi Studio Legale, which was formed by Dewey partners in 2012 as the firm hurtled toward bankruptcy. A spin-off of Grimaldi, Gattai Minoli, will...
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