Two former Dewey & LeBoeuf LLP executives have settled a civil suit brought by the defunct firm's bankruptcy trustee to recover nearly $22 million, The Wall Street Journal reported Tuesday. No details of the settlement — reached with Dewey's ex-chief financial officer, Joel Sanders, and former executive director, Stephen DiCarmine — were immediately available, but a one-paragraph order from Hon. Martin Glenn simply said, "The court has been informed that the parties have settled this matter." Dewey filed for chapter 11 protection in May 2012 after mounting debts and months of partner losses left the firm unable to continue operating. The bulk of Dewey's creditor-repayment plan relies on a $70.4 million settlement struck in 2012 with 475 former Dewey partners, who agreed to pay the bankruptcy estate in exchange for a release from most Dewey-related liability.
