Bankruptcy Judge Martin Glenn said yesterday that he could issue his decision either approving or rejecting a proposed settlement between former Dewey & LeBoeuf partners and the defunct firm's estate as early as Tuesday, the American Law Daily reported today. Judge Glenn said in a hearing yesterday that he hopes to rule by Tuesday or Wednesday on the partner contribution plan, under which roughly 450 former firm partners have agreed to repay the estate a total of $71.5 million in exchange for waivers from Dewey-related liability. The settlement sum—cobbled together from individual payments ranging from $5,000 to $3.37 million—represents income the participating partners received from Dewey in 2011 and 2012, as well as tax advances and unpaid capital contributions.
