Dewey Debt Deadline Postponed To Allow For Greenberg Talks

Law360, New York (April 27, 2012, 8:06 PM EDT) -- JPMorgan Chase & Co., HSBC Holdings PLC and others agreed to briefly extend Dewey & LeBoeuf LLP’s $100 million credit line in order to help the troubled firm work out details for a possible merger with Greenberg Traurig LLP, an inside source told Law360 on Friday.

In what a source familiar with the matter called a “surprise,” the firm’s lenders have agreed to extend Dewey's $100 million revolving credit line for "a couple more weeks." The firm has already drawn $72 million from the credit line, the source said.

The $100 million...
To view the full article, register now.