Dewey's Ch. 11 Liquidation Plan Takes Effect

Law360, Los Angeles (March 22, 2013, 9:18 PM EDT) -- Bankrupt law firm Dewey & LeBoeuf LLP on Friday filed its final plan supplement documents, including a confirmation budget, liquidation trust agreement and secured lender trust agreement, making the firm’s second amended Chapter 11 plan of liquidation officially effective, according to court documents.

The filing comes less than a month after Dewey secured a New York bankruptcy judge’s approval of its liquidation plan, officially dissolving the once-powerful firm and enabling it to begin paying back its lenders.

The firm’s confirmation budget, which sets forth the final...
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