Reuters: Bankruptcy News: UPDATE 1-Dewey & Leboeuf files for chapter 11, seeks liquidation

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UPDATE 1-Dewey & Leboeuf files for chapter 11, seeks liquidation May 29th 2012, 01:49 Mon May 28, 2012 9:49pm EDT May 28 (Reuters) - Troubled law firm Dewey & Leboeuf LLP has filed for chapter 11 bankruptcy protection in a U.S. court and has sought orderly wind-down of business. Dewey & Leboeuf said it did not anticipate a return to business and expected the winding down process to be completed in the next few months. It said it would ask about 90 employees to remain on staff to assist in the wind-down.

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