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Tuesday, April 30, 2013
Come 2019, Any Debt Ex-Dewey Chair Owes Firm Vanishes
Roundly cast as the chief culprit in Dewey & LeBoeuf's collapse, former firm Chairman Steven Davis has agreed to pay the bankrupt firm's estate $511,145 as part of a broader settlement that protects him against potential mismanagement claims. However, thanks to a key clause contained in that settlement, it's possible Davis could end up not paying the estate a penny.
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