Dewey & LeBoeuf yesterday secured an extra two weeks of funding for its bankruptcy, giving the defunct law firm some leeway in trying to convince former partners to accept a settlement and avoid what could be years of litigation, Reuters reported yesterday. Bankruptcy Judge Martin Glenn in a court filing approved Dewey's request to extend its funding deadline - which would have lapsed yesterday - through Aug. 15. The request had the support of Dewey's lenders and it comes as Dewey tries to claw back payments made to its former partners, the proceeds of which would go toward paying back creditors.
