Ex-Dewey Dubai Partners Cut Clawback Deal

Law360, New York (January 02, 2013, 10:16 PM ET) -- Two former partners in the Dubai, United Arab Emirates, offices of Dewey & LeBoeuf LLP have agreed to drop approximately $1.8 million in severance claims in exchange for a potential reduction of their clawback obligations to the bankrupt law firm, the firm told a New York bankruptcy court Monday.

Gavin B. Watson and Chris P. Sioufi, who now work in the Dubai office of Dechert LLP, agreed to withdraw their severance claims from the liquidation proceedings of Dewey’s Dubai offices, a move that may free proceeds...
To view the full article, register now.