Dewey Bankruptcy Filing Raises Novel Issues

May 29, 2012 – In The News
New York Law Journal

The recent filing of law firm Dewey & LeBoeuf for bankruptcy has spurred questions over the complications that will occur during the process.

Yann Geron, who serves as the trustee for the now bankrupt law firm, Thelen, LLP, commented on the status of Thelen's bankruptcy. He said almost all of the firm's 250 partners have been involved in settlement discussions over clawback claims that Geron pursued against the partners. Geron has settled with about 150 partners so far, and he said he is hoping to settle with roughly 90 others.

Geron said he had pursued unfinished business claims against two dozen law firms that former Thelen partners joined. About half have been settled and a few law firms are facing lawsuits.