Dewey’s Executive Partner Earns $190K in First 2 Months of Chapter 11 Wind-Down
Posted Jul 23, 2012 5:54 PM CDT
By Martha Neil
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.