Dewey Trustee Sues FedEx To Get Back Payments

Law360, New York (January 21, 2014, 4:37 PM EST) -- The trustee overseeing Dewey & LeBoeuf LLP’s liquidation hit Federal Express Corp. with a lawsuit in New York bankruptcy court Friday, seeking the return of payments the now-defunct law firm had made shortly before entering bankruptcy in May 2012.

Liquidating trustee Alan M. Jacobs' complaint alleges that FedEx accepted transfers worth a total $193,402 from Dewey in the three months before the law firm filed for bankruptcy. Because Dewey was insolvent at the time, the payments should not have been made, and FedEx must return them,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Dewey & LeBoeuf LLP


Case Number

1:12-bk-12321

Court

New York Southern

Nature of Suit

Date Filed

May 28, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.