Dewey to Protect Some Partners From Liability, Retirees Say
This article is for subscribers only.
Bankrupt Dewey & LeBoeuf LLP is “rushing” to implement a plan that would largely free select partners from liability for mismanagement while imposing burdens on others at the firm, including retired partners, a group of retirees said.
They made the statement in a federal court filing in Manhattan, asked for a trustee or an examiner to look into the “gross mismanagement” that continues after the bankruptcy, eroding assets, they said. Assigning an examiner to probe and pursue or settle clawback or other claims related to the conduct of Dewey and its executives also would be beneficial, they said.