Dewey & LeBoeuf Files For Chapter 11 Bankruptcy

NEW YORK - (Mealey's) The law firm of Dewey & LeBoeuf filed for Chapter 11 bankruptcy on May 28 in New York, listing between $100 million and $500 million in liabilities (In re:  Dewey & LeBoeuf, No. 12-12321, Chapter 11, S.D. N.Y. Bkcy.). 

(Petition. Document #80-120606-030C.) (lexis.com subscribers)

Dewey & LeBoeuf listed between 5,001 and 10,000 creditors and debts totaling more than $100,000,001.  Dewey & LeBoeuf listed the Pension Benefit Guaranty Corp. as its largest unsecured creditor, with a potential claim of $80 million.  Rounding out the remaining top five unsecured creditors are 1301 Properties Owner LP with $3,338,350 in claims, Thompson Reuters with $2,362,869 in claims, Bank of America with $2,142,000 in claims and HireCounsel with $1,557,371 in claims. 

According to the petition, which was filed in the U.S. Bankruptcy Court for the Southern District of New York, the firm has retained Togut, Segal & Segal to represent it as bankruptcy counsel. 

Dewey & LeBoeuf formed in 2007 after the consolidation of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae.  At one time, Dewey & LeBoeuf was one of the largest law firms in the world. 

Albert Togut of Togut, Segal & Segal in New York represents Dewey & LeBoeuf. 

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