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Former Dewey partner sues management, claims they were “running a Ponzi scheme”

The lawsuit is the first that has been publicly filed by a former partner against the bankrupt firm

It was only a matter of time. Henry Bunsow, a former Dewey & LeBoeuf partner and IP litigation specialist who now has his own boutique firm, dropped the first publicly filed lawsuit from a former partner Tuesday in California Superior Court.

Bunsow claims that five former members of Dewey’s management team, and a number of John Does to be named later, misrepresented Dewey's financial performance and stability in an effort to recruit partners at other firms. He also asserts that the defendants then used the capital brought in by the new talent to pay favored partners and not run the firm. In a particularly scathing section of the complaint, Bunsow alleges that the firm’s management was "running a Ponzi scheme in order to enrich themselves and select partner of the Firm."

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