The team winding down the bankrupt New York law firm Dewey & LeBoeuf LLP intends to present its former partners, whose earnings are subject to clawbacks from the firm’s many creditors, with a plan to settle those claims in as little as two weeks, the Wall Street Journal reported today. The swift timetable is intended to secure an agreement before the end of July, when a six-week plan to fund the bankruptcy process using lenders' cash collateral expires. Partners who agree to the settlement may be released from future claims by Dewey’s estate and creditors, and also from claims against them by other partners.
