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Bankrupt Law Firm Protecting Some Partners From Liability, Retirees Say
Bloomberg
Aug. 9, 2012
"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 [asked] a federal court ... 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."
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