Dewey Partners Scramble Over $50M Bar For Clawback Deal

Law360, New York (August 16, 2012, 4:41 PM EDT) -- Hours before a 5 p.m. deadline, more than 300 former partners of bankrupt Dewey & LeBoeuf LLP on Thursday agreed to pay more than $50 million of a proposed $90.4 million settlement deal that would shield attorneys from potential clawback litigation, meeting the threshold the firm said it needed to seek court approval.

Before 3 p.m. on Thursday, Dewey’s bankruptcy team reached the threshold needed to seek approval from the bankruptcy court for the proposed settlement agreement with partners, with more than 300 partners giving commitments...
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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

Law Firms

UK Financial Services

UK Financial Services

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