Dewey Judge Gives Disclosure Statement The Green Light

Law360, New York (January 7, 2013, 7:45 PM EST) -- A New York bankruptcy judge on Monday signed off on Dewey & LeBoeuf LLP’s disclosure statement after the fallen firm was told to iron out confusing language regarding the protection against liability of partners who agree to contribute back compensation.

U.S. Bankruptcy Judge Martin Glenn issued an order approving the second amended disclosure statement Monday afternoon, saying it contains adequate information to solicit votes for its Chapter 11 plan under section 1125(a) of the U.S. Bankruptcy Code. The order came after a hearing Thursday in which he...
To view the full article, register now.