Dewey Seeks $104M From Ex-Partners To Avoid Clawbacks

Law360, New York (July 11, 2012, 11:20 PM ET) -- Ex-Dewey & LeBoeuf LLP partners on Wednesday reportedly were offered the chance to pay $104 million to shield them from future clawback litigation from the bankrupt firm's trustee.

The Dewey estate offered more than 700 former partners, including almost 400 who left prior to January 2011, the option of paying $103.6 million in pay or benefits back rather than fight clawback suits from the defunct firm's lenders and other creditors, according to a report from the Wall Street Journal.

The former partners would pay between $25,000...
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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

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