Daily News: April 24, 2012

Greenberg in Discussions to Hire Dewey & LeBoeuf Attorneys

Legalweek.com reported that Greenberg Traurig is confirming it has talks to hire a number of Dewey & LeBoeuf attorneys. Dewey & LeBoeuf is said to be debating a pre-negotiated bankruptcy plan, the article said, citing reports at The Am Law Daily.

Under a possible plan, Dewey & LeBoeuf would pay creditors while also considering a merger. The firm is currently in discussions with its lenders to rework a $100 million line of credit with JPMorgan Cahse, Citi Private Bank and Wells Fargo Private Bank, the article said.

To read the legalweek.com article in its entirety, click here.