Dewey Files Wind-Up Plan As Ex-Chair Rips 'Personal Attacks'

Law360, New York (November 26, 2012, 6:30 PM EST) -- Bankrupt Dewey & Leboeuf LLP filed its proposed Chapter 11 liquidation plan in New York bankruptcy court Wednesday, the same day former firm chairman Steven Davis defended against what he called personal attacks and “fanciful theories of wrongdoing” from Dewey’s unsecured creditors.

The Dewey estate listed about $261 million in secured lender claims and reclassified a previously secured $100 million in lender debt as unsecured, according to the firm’s disclosure statement and liquidation plan. The estate proposed a Jan. 3 hearing on the plan and asked...
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