Dewey Judge Postpones Approval Of Disclosure Statement

Law360, New York (January 3, 2013, 6:36 PM EST) -- A New York bankruptcy judge on Thursday directed Dewey & LeBoeuf LLP to clean up the language of the disclosure statement accompanying its proposed liquidation plan and postponed his decision on approving the statement until Monday.

At a hearing, U.S. Bankruptcy Judge Martin Glenn instructed the fallen firm, its creditors and attorney for the U.S. trustee's office Brian Masumoto to consult and return to him with a disclosure statement that plainly states the preservation of any potential direct claims against participating partners. These partners are the...
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