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DEWEY & LEBOEUF
Former Dewey chief Davis settles for $500k over mismanagement claims
Steve Davis, the former chairman of Dewey & LeBoeuf, has agreed to a half-a-million-dollar settlement with the firm's trustee and insurer over claims that bad management contributed to the US firm's high-profile collapse. Davis has agreed to pay $...
24 Apr 2013 | 10:27 | 
Dewey's former London landlord Prudential issues $10.3m claim
Dewey & LeBoeuf's former UK landlord Prudential has filed a $10.3m (£6.8m) claim against the collapsed law firm's estate, after an earlier claim for more than twice this amount was rejected by a New York bankruptcy court. The revised claim was fil...
27 Mar 2013 | 11:07 |
Dewey creditors set for repayment as judge approves liquidation plan
Dewey & LeBoeuf's liquidation plan has been approved by the bankruptcy court judge overseeing the case, paving the way for repayment of millions of dollars owed to creditors of the collapsed firm. Judge Martin Glenn yesterday (27 Febraury) approved...
28 Feb 2013 | 12:21 |
Partners predict further law firm failures as recent collapses shake confidence
The vast majority of partners believe it is likely that more large law firms will collapse over the next two years, according to new Legal Week research. In the wake of Cobbetts' recent rescue takeover by DWF and Dewey & LeBoeuf's implosion last ye...
15 Feb 2013 | 00:00 |
| 8 comments
London partner recruitment by US law firms hits record levels
The collapse of Dewey & LeBoeuf helped drive partner hiring by US law firms in London to record levels in 2012, with senior lateral recruitment in the City climbing by almost 40% during the last calendar year. Legal Week's annual survey of London p...
08 Feb 2013 | 00:00 |
Dewey's US LLP files claim of £36.7m from defunct firm's UK arm
Dewey & LeBoeuf's US LLP has made a claim of £36.7m from the firm's UK arm, new filings from the defunct firm's administrators have revealed. A six-month progress report by UK LLP administrators BDO shows that unsecured creditors have filed claims...
10 Jan 2013 | 13:39 |
Dewey filings reveal $14m in fee claims by bankruptcy advisers
Advisers to Dewey & LeBoeuf's estate are seeking more than $14m (£8.7m) in fees and expenses for work carried out in the first five months of the defunct US law firm's bankruptcy proceedings, new filings have revealed. A dozen applicants, includin...
03 Jan 2013 | 13:38 |
Aviva sues former Dewey chiefs over 2010 bond offering
US subsidiaries of UK insurance giant Aviva have filed a lawsuit against the three former leaders of defunct law firm Dewey & LeBoeuf relating to the firm's $125m (£77.1m) bond offering in 2010. The claim was filed against former Dewey chairman St...
18 Dec 2012 | 11:57 |
| 1 comment
Multimillion-dollar Dewey partner settlement gets court go-ahead
The $71.5m (£45m) settlement between Dewey & LeBoeuf's former partners and the defunct firm's estate has been approved by the bankruptcy judge overseeing the case, less than five months after the US firm's high-profile collapse. Around 450 of 670 ...
10 Oct 2012 | 11:42 |
Former Dewey partners receive latest amendments to settlement plan
Dewey & LeBoeuf’s wind-down team has offered to spare the defunct firm’s ex partners from all potential litigation from secured lenders as an incentive to participate in the proposed partner clawback settlement. The latest revisions to the so...
15 Aug 2012 | 15:12 |
Former Dewey partners given more time to mull settlement
The deadline for former Dewey & LeBoeuf partners to sign up to a proposed $90.4m (£57.9m) settlement plan—has been pushed back until August 13, writes the Am Law Daily. The decision represents the second time the deadline for signing up to the plan...
07 Aug 2012 | 11:13 |
Dewey's UK LLP looks to liquidation as unsecured creditors may lose out
Administrators of Dewey & LeBoeuf's UK limited liability partnership (LLP) have proposed moving the business, which comprises the defunct US law firm's London and Paris arms, from administration into liquidation as many unsecured creditors, owed a tot...
30 Jul 2012 | 17:32 |
New Dewey settlement plan asks for more from firm's former leaders
Revisions to Dewey's so-called partner contribution plan will see the failed firm's former leaders being asked to contribute additional money to reflect their involvement in the firm's management. Revised proposals presented to partners yesterday b...
27 Jul 2012 | 11:28 |
Ex-Dewey UK partners set to snub $103.6m firmwide settlement plan
A number of former Dewey & LeBoeuf UK partners are set to reject the settlement plan put forward by the defunct firm’s wind-down committee last week (12 July). The so-called 'partner contribution plan’, which is set to see partners asked to pay...
18 Jul 2012 | 14:43 |
| 1 comment
Ex-Dewey partners' price tag for settling all future claims: $103.6m
Dewey & LeBoeuf's wind-down team have laid out a settlement plan that would see partners asked to pay the bankrupt firm's estate between $25,000 (£16,000) and $3m (£1.92m) each for a combined total of $103.6m (£66m), writes the AmLaw Daily. The ...
12 Jul 2012 | 10:45 |
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