Ex-Dewey Partners Call Bankruptcy Plan A Fraud

Law360, Los Angeles (February 12, 2013, 11:00 PM EST) -- Two former Dewey & LeBoeuf LLP partners on Tuesday objected to the bankrupt law firm's plan for liquidation, alleging the plan's partner contribution settlement agreements were purposely designed to fleece ex-partners.

In an objection to Dewey’s second amended Chapter 11 plan for liquidation, former partners Elizabeth B. Sandza and Andrew J. Fawbush claim the partner contribution settlement agreements and mutual releases for participating partners, or PCP, wasn't negotiated in good faith. The PCP "was designed and conceived to perpetrate a fraud on the firm’s partners,” they...
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