Dewey Judge Delays $19M Deal Ruling Over Claims Dispute

Law360, New York (May 13, 2013, 7:54 PM EDT) -- A New York bankruptcy judge on Monday declined to rule on the $19.5 million settlement between Dewey & LeBoeuf LLP’s liquidation trust, the firm’s former chairman and primary insurer following arguments between attorneys over the extent to which the deal bars third-party claims.

At the end of a hearing that often proved frustrating and confusing for many involved, U.S. Bankruptcy Judge Martin Glenn ordered lawyers for the trust, XL Specialty Insurance Co., former Executive Director Stephen DiCarmine and former Chief Financial Officer Joel I. Sanders to...
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