Dewey Liquidating Trustee Collects $100M Since March

Law360, New York (July 17, 2013, 7:25 PM EDT) -- The trustee charged with winding down Dewey & LeBoeuf LLP’s estate brought in $99.6 million in settlements and recoveries since March and resolved more than half of the claims brought by creditors to date, according to a Tuesday court filing.

Some of the cash Trustee Alan M. Jacobs collected between March 22 and June 30 includes $62.3 million in unfinished business and initial partner contributions, $17.5 million in funding from the estate’s liquidation trust and $19 million in mismanagement claim proceeds, according to a status report....
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