Reuters: Bankruptcy News: Dewey close to deal with ex-partners -attorney

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Dewey close to deal with ex-partners -attorney May 29th 2012, 21:42 Tue May 29, 2012 5:42pm EDT May 29 (Reuters) - An attorney for bankrupt law firm Dewey & LeBoeuf on Tuesday said the firm was "close" to a deal that would allow it to recover money from some ex-partners. Attorney Albert Togut, speaking during the firm's first hearing since filing for bankruptcy late on Monday, gave no details on the scope of a potential deal, other than to say it would cost ex-partners a "significant" amount of money. Togut said the firm would like to achieve a quick and orderly settlement of potential claims against ex-partners who left the firm this year en masse, costing Dewey potential accounts receivable.

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