Judge Okays Dewey Liquidation Plan, Clearing Way for Repayment of Creditors

, The Am Law Daily

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To a hearty round of backslaps and handshakes, U.S. Bankruptcy Judge Martin Glenn closed a two-hour hearing Wednesday by approving Dewey & LeBoeuf's Chapter 11 liquidation plan after the last remaining objections faded away. Under the plan, Dewey's secured creditors are to receive roughly 47 to 77 cents for each $1 they are owed, while unsecured creditors are to get roughly 5 to 14 cents.

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