Less than a week after a group of retired Dewey & LeBoeuf partners appeared to pave the way for the swift approval of the defunct firm's proposed chapter 11 liquidation plan by settling a dispute with the Dewey estate, fresh resistance to a key component of that plan has emerged in the form of objections raised by six former Dewey partners, the Am Law Daily reported today. In a series of filings made ahead of a deadline yesterday, the former partners in question—two individuals and a pair of two-person teams—argue that Bankruptcy Judge Martin Glenn should not approve the chapter 11 plan, which serves as a blueprint for how the Dewey estate expects to dispose of its assets in order to pay off creditors who say they are owed a combined total of some $600 million. Many of the objections raised in the filings focus on the partner contribution plan, which is in many ways the linchpin of the larger liquidation plan and offers those who have agreed to pay the estate a portion of their 2011 and 2012 Dewey earnings a waiver from future liability related to the firm. A majority of Dewey's former partners have signed on to the deal, which, according to court filings, is expected to raise at least $70 million in amounts ranging from $5,000 to $3.37 million.
