Bankruptcy trustee rejects Dewey & LeBoeuf’s bonus plan

Proposal would have paid remaining employees up to $700,000 in retention and bonus compensation

Add a U.S. bankruptcy trustee to the list of people who aren't pleased with Dewey & LeBoeuf’s proposed post-bankruptcy plans.

Just days after a group of Dewey retirees voiced their objections to a settlement that would shield them from future lawsuits in exchange for cash, the firm’s bankruptcy trustee has rejected another of its proposals. In a court filing Wednesday, Tracy Hope Davis nixed a plan to dole out bonuses to Dewey’s remaining employees, saying that the firm had not provided enough information to show that the arrangement was economically feasible.

Alanna Byrne

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