Law Firms

Dewey's Executive Partner Earns $190K in First 2 Months of Chapter 11 Wind-Down

One of two partners who remain at Dewey & LeBoeuf has been paid $190,000 since the law firm filed for Chapter 11 bankruptcy on May 28, according to a court filing in the Manhattan case.

Executive partner Stephen Horvath also was reimbursed $23,563 for expenses incurred during the firm’s wind-down, Reuters reports.

He did not respond to a request for comment.

Filings in the bankruptcy case show that Dewey owes $245 million to $315 million to creditors. Meanwhile, the estate has collected $19.3 million and paid out $5.7 million in expenses.

We welcome your comments, but please adhere to our comment policy and the ABA Code of Conduct.

Commenting is not available in this channel entry.