Bloomberg News

Dewey Seeks to Pay Wind-Down Team $450,000 for Eight Weeks

July 05, 2012

Dewey & LeBoeuf LLP, the bankrupt law firm that owes secured creditors more than $225 million, is seeking to pay $450,000 in eight-week incentives, mostly to a team of “wind down” specialists, according to a U.S. Bankruptcy Court filing in Manhattan.

Separately, Dewey said it wanted to hire another firm to liquidate its Frankfurt office. The U.S. trustee who supervises bankruptcies has faulted Dewey for nine of about 11 proposed hirings of firms, saying their work was unnecessary or duplicative.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net


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