Update, 9/21/2012, 8:25 a.m. EDT: The third and fourth paragraphs of this story have been revised to incorporate information about a late Thursday court filing submitted by Dewey & LeBoeuf’s bankruptcy advisers that includes a detailed breakdown of which former firm partners have agreed to contribute to a proposed settlement with the estate and how much each has offered to pay.
The future course that failed law firm Dewey & LeBoeuf’s bankruptcy proceedings will follow could be decided as early as Friday, when the judge overseeing the Chapter 11 case is scheduled to continue hearing arguments as to why he should either approve a proposed $72 million settlement with former partners or reject it and install a neutral examiner to manage the matter.
