More than six months have elapsed since Dewey & LeBoeuf LLP sought chapter 11 bankruptcy protection amid an exodus of partners, accusations of mismanagement and lenders' refusal to extend credit to the debt-laden law firm, but the finger-pointing over who is to blame for Dewey's demise continues, the Wall Street Journal reported yesterday. A hearing yesterday featured a motion by Dewey's unsecured creditors seeking standing to pursue mismanagement claims against the firm's three top managers, former chairman Steven Davis, former executive director Stephen DiCarmine and former chief financial officer Joel Sanders. The intent is to recoup money from a $50 million insurance policy held by the firm. While Davis, who has yet to appear in court, does not oppose that motion, he "denies that he engaged in any wrongdoing and disputes the allegations," according to a limited objection filed last week by his lawyers.
