Dewey Sweetens $90.4M Retiree Settlement Pitch

Law360, New York (August 9, 2012, 1:46 PM EDT) -- In an effort to obtain former partners' approval for a proposed $90.4 million settlement deal that would shield partners from potential clawback litigation, bankrupt Dewey & LeBoeuf LLP sweetened the deal Thursday, following a move by the firm's retirees to get an independent trustee appointed.

On a call with the former partners Thursday, Dewey’s bankruptcy team offered what one source, speaking on condition of anonymity, called a “bulk discount.” If the firm’s recovered funds hit a certain point, such as $70 million, the firm said it...
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