August 22, 2012
Dewey & LeBoeuf LLP has collected nearly $40 million in attorneys' fees from former clients since filing for bankruptcy almost three months ago, with more than $20.6 million raised in July alone, according to a report filed Tuesday.
August 17, 2012
Dewey & LeBoeuf LLP's bankruptcy restructuring team has secured more than $70 million from former partners in a proposed $90.4 million settlement deal that would shield attorneys from potential clawback litigation, according to an update sent to partners Friday.
August 16, 2012
Hours before a 5 p.m. deadline, more than 300 former partners of bankrupt Dewey & LeBoeuf LLP on Thursday agreed to pay more than $50 million of a proposed $90.4 million settlement deal that would shield attorneys from potential clawback litigation, meeting the threshold the firm said it needed to seek court approval.
August 15, 2012
A New York bankruptcy judge on Wednesday granted Dewey & LeBoeuf LLP another extension on a cash lifeline used to sustain operations, giving the collapsed firm more than six weeks to assemble a critical settlement with former partners.
August 14, 2012
Bankrupt Dewey & LeBoeuf LLP will give partners until Thursday to approve an updated $90.4 million settlement deal that includes broader language shielding partners from potential clawback litigation, sources familiar with the matter said Tuesday.
August 09, 2012
In an effort to obtain former partners' approval for a proposed $90.4 million settlement deal that would shield partners from potential clawback litigation, bankrupt Dewey & LeBoeuf LLP sweetened the deal Thursday, following a move by the firm's retirees to get an independent trustee appointed.
August 06, 2012
The Dewey & LeBoeuf LLP trustee on Monday extended the deadline for partners to agree to a proposed $90.4 million settlement that would resolve potential clawback litigation, as the details of the deal continue to be debated.
July 31, 2012
A New York bankruptcy judge on Tuesday granted Dewey & LeBoeuf LLP a cash lifeline to sustain the cratered law firm for two more weeks as it attempts to cobble together a critical settlement with former partners.
July 30, 2012
A New York bankruptcy judge on Monday partially granted a request by collapsed law firm Dewey & LeBoeuf LLP to pay out bonuses to its remaining employees under key employee retention and incentive plans.
July 26, 2012
Bankrupt Dewey & LeBoeuf LLP on Thursday reportedly lowered the clawback litigation settlement offer to former partners from $104 million to $90 million and increased the burden on top earners and former Dewey leaders.