Dewey Ex-Partners' $71M Clawback Deal Remains In Limbo

Law360, New York (September 21, 2012, 10:43 AM EDT) -- A New York federal bankruptcy judge on Friday kept Dewey & LeBoeuf LLP, attorneys formerly with the firm and creditors in suspense after he held off approving or rejecting a proposed $71.5 million clawback deal with onetime partners.

U.S. Bankruptcy Judge Martin Glenn took the issue of approval on the proposed partner contribution plan under submission after nearly seven hours of arguments by the plan's supporters and objectors.

“I’ve got to make a decision,” Judge Glenn said, but gave no indication on when parties involved could...
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