- Brown Rudnick to Represent Creditors in Dewey Bankruptcy; Partners Tap Kasowitz and Flemming Firms
Business of Law
Brown Rudnick to Represent Creditors in Dewey Bankruptcy; Partners Tap Kasowitz and Flemming Firms
Posted Jun 5, 2012 10:29 AM CST
By Martha Neil
After a May 28 bankruptcy filing by Dewey & LeBoeuf, lawyers are signing on to represent those with a stake in what is expected to be a hotly contested and long-running case.
Brown Rudnick will be counsel to the committee of unsecured creditors, Reuters reports, and two law firms are seeking a role in representing the Dewey firm's former partners.
They are Kasowitz Benson Torres & Friedman and Flemming Zulack Williamson Zauderer.
Partner Mark Zauderer, who tells the news agency that his firm represents more than 60 of the Dewey firm's ex-partners, says a fight is anticipated over so-called clawback efforts to force partners to hand over revenue from clients they have taken with them to other law firms.
"Any misrepresentations or other wrongdoing by the management of the firm will have to be taken into account," he told Reuters in an email, referring to Dewey. "We are not going to sit back and be told that we have to pay the firm money."