Federal Judge Approves Dewey Mismanagement Settlement
Reuters reported that a federal judge approved a settlement that requires XL Specialty Insurance Company and former chairman Steve Davis of defunct law firm Dewey & LeBoeuf to pay $19.5 million to resolve claims with a trustee that leaders mismanaged the firm.
According to the Reuters story, Davis has agreed to pay $511,145 and Dewey’s insurer has agreed to pay $19 million to the firm’s estate in exchange for a release from future litigation.
To read the entire Reuters story, click here.
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