Dewey Partners Likely To Face Wrath Of Creditors

May 10, 2012 – In The News
Law 360

Yann Geron commented on the ongoing case between Dewey & LeBoeuf LLP and its partners.

The struggling firm has denied plans to file for bankruptcy, experts said that equity partners seeking millions in unpaid compensation would be doing so as unsecured creditors if the firm does enter bankruptcy, most likely at the back of a very long line.

"Certain amounts of monies paid out to partners when a firm is in financial distress … can be collected,” said Yann Geron, drawing on his experience as Chapter 7 Trustee in the Thelen LLP bankruptcy.