Posted May 23, 2012 02:56 pm CDT
A lawyer experienced in defending clawback claims is expected to be tapped to represent a group of more than 50 former partners at Dewey & LeBoeuf, according to a published report.
The lawyer, Mark Zauderer, previously represented a senior partner fighting clawback claims in the 1988 bankruptcy of Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, the New York Law Journal reports. He told the publication he expects to represent the partners along with Blank Rome restructuring partner Andrew Eckstein.
Another group of partners has hired bankruptcy lawyer Tracy Klestadt to represent them, the story says.
Meanwhile, another large group of lawyers has left the law firm. Sixteen lawyers, including nine partners, are joining Duane Morris, the Legal Intelligencer reports. Leading the group is former Dewey executive committee member Elizabeth Powers, a corporate partner.
Recent Dewey coverage:
ABAJournal.com: “Dewey Settled Malpractice Suit in February; Insurance Regulators Initially Sought $3B”
ABAJournal.com: “Wall Street Journal: Dewey & LeBoeuf Is Getting Prepared for Possible Near-Term Bankruptcy Filing”