$19M Dewey Budget OK’d As It Seeks Deal With Partners

Law360, New York (June 13, 2012, 8:00 PM EDT) -- A New York bankruptcy judge on Wednesday granted bankrupt law firm Dewey & LeBoeuf LLP’s motion for a final cash collateral order, approving a budget of up to $18.8 million to carry the debtor through July 31 as it pursues a settlement with ex-partners.

U.S. Bankruptcy Judge Martin Glenn approved the motion, which the debtor said it needs to continue with its wind-down process over the next six weeks, though he noted that the dying firm, its counsel and other constituencies have a great deal to...
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