Dewey & LeBoeuf, Retired Partners Ink Clawback Deal

Law360, New York (February 08, 2013, 6:07 PM ET) -- The bankruptcy trustee overseeing Dewey & LeBoeuf LLP's liquidation has reached a settlement with two groups of retired partners who opposed a $71.5 million partner contribution plan, agreeing to return some retirement benefits and pay they received before the firm's 2012 collapse. 

Trustee Albert Togut said the former partners committee, or FPC, and the retired partners ad hoc committee, or AHC, have agreed that each group member will pay either $5,000 or 25 percent of payments received from Dewey in 2011 and 2012, whichever amount is...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Dewey & LeBoeuf LLP


Case Number

1:12-bk-12321

Court

New York Southern

Nature of Suit

Date Filed

May 28, 2012

Law Firms

Companies