Dewey Trustee Hits Former Partner With $4M Clawback Suit

Law360, New York (November 18, 2013, 6:52 PM EST) -- Dewey & LeBoeuf LLP’s trustee hit former equity partner William C. Marcoux with a $4.2 million adversary complaint in New York bankruptcy court Friday, alleging that even after the firm's insolvency, Marcoux was paid distributions based on purported profits.

In a complaint filed in the Southern District of New York, Alan M. Jacobs, the liquidating trustee of the Dewey & LeBoeuf liquidation trust, accuses Marcoux of breaching his partnership agreement with the bankrupt firm, which provided that equity partner compensation was based on the profitability of...
To view the full article, register now.