Sunday, May 20, 2012

Dewey to consider bankruptcy filing: source ... - The Finance Room

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A man moves boxes out of the offices of Dewey & LeBoeuf in New YorkNEW YORK (Reuters) - Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday. The majority of Dewey's partners have quit as a result of concerns about compensation, and $225 million in bank loans and bond debt. ...

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