DEWEY & LEBOEUF LLP FILES FOR CHAPTER 11 PROTECTION
29 May, 2012
International firm seeks Orderly Wind-Down of Business
The troubled international law firm Dewey & LeBoeuf LLP has finally filed for protection under Chapter 11 of the U.S. Bankruptcy Code, in a bid to preserve assets and wind down its business in an orderly manner.
The filing does not anticipate a return to business but instead a managed wind-down of affairs, followed by liquidation.
Stephen J. Horvath, Executive Partner, commented:”We are proud of the dedication and professionalism that has characterized Dewey & LeBoeuf over many years, and we intend to bring the same focus to the unfortunate task of closing out our affairs.”