Law firm news by topic » Bankruptcy

Former Dewey & LeBoeuf execs settle civil suit

Jul 24, 2014 Two former executives from the failed law firm Dewey & LeBoeuf have settled a civil suit brought against them by the firm’s bankruptcy trustee. Dewey’s ex-chief financial officer, Joel Sanders, and former…

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Who's entitled to fees after law firm failure?

Jun 6, 2014 The question of who is entitled to the profits from lawyer fees after the collapse of a law firm is a hotly contested one, and the issue is currently playing out in the New York Supreme Court. Also at issue is…

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Dewey & LeBoeuf leaders accused of fraud

Mar 6, 2014 Three former leaders of the failed law firm Dewey & LeBoeuf have been accused of engaging in massive fraud to hide the firm's financial struggles from banks and other creditors. Manhattan prosecutors allege that…

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US firm Weil Gotshal & Manges makes mass redundancy

Jun 27, 2013 Weil Gotshal & Manges is making a mass redundancy, laying off 60 associates and 110 staffers. The firm also plans to reduce the compensation of about 10 percent of its partners (roughly 30 out of 300, with some income…

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Dewey estate goes after former partners

Mar 29, 2013 The Dewey & LeBoeuf estate has filed suit against 18 former partners who refused to contribute to a settlement plan. The claim describes the former partners’ attempt to claim moneys owed to them (profit…

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Dewey retirees reach settlement with former firm

Feb 12, 2013 A group of 125 Dewey retirees has agreed to settle claims made by the defunct firm, agreeing to pay the Dewey estate $5000 or 25 per cent of payments received from Dewey during 2011-12, whichever is lower. The retirees…

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