Home

Dewey’s Unfinished Business with Paul Hastings under Settlement
Download PDF

On Monday, Dewey Counsel Scott Ratner filed papers in the bankruptcy court stating that the Dewey estate has reached a settlement over unfinished business with the law firm Paul Hastings and two former Dewey partners who work at the firm.

In total, Paul Hastings and the two concerned partners would pay close to $1.6 million to the Dewey estate and in exchange, they would be released from potential litigation and clawback claims.

The new deal is the second settlement over Dewey’s unfinished business. In October, last year, Jones Day and Bruce Bennett settled with the Dewey estate with Bennett agreeing to hand over 15 percent of the profits from his work done for the Los Angeles Dodgers.

  
What
Where


In the instant case, the law firm of Paul Hastings has agreed to pay $575,000 to secure a release from potential clawback litigation over the former Dewey partners now in the firm’s employment. The four former Dewey partners are Michael Fitzgerald, the firm’s Latin America practice leader, antitrust partner Mary Jean Moltenbrey, and corporate partners Arturo Carrillo and Taisa Markus.

In his Monday filing, Ratner stated, “The Debtor believes this settlement may serve as a catalyst for the future resolution of unfinished business claims.”

While Moltenbrey and Markus are not required to pay anything under the instant settlement because they had joined the earlier settlement of the Dewey estate with 450 former partners; Fitzgerald and Carrillo would be paying a collective sum of $1 million.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Though earlier, Fitzgerald had opposed any settlement and had in fact declared that it was Dewey which owed him close to $38 million on promises of compensation and pension benefits the firm had failed to keep, apparently he would like to go past the chapter and focus on his current priorities.

Dewey’s liquidation plan has already been approved on Feb 27 by U.S. Bankruptcy Judge Martin Glenn, after Dewey secured settlements with both former partners and retirees. In the settlement with former partners, more than 450 attorneys agreed to pay a collective sum of $71.5 million in exchange of the promise that the Dewey estate would allow them to get on with their lives without the haunting spectre of claw backs.





 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior Commercial Litigation Attorney with products liability experience

USA-AZ-Phoenix

Phoenix office of our client seeks junior commercial litigation attorney with 1-3 years of experienc...

Apply Now

Employment Defense Attorney with 5+ years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks employment defense attorney with 5+ years of litigation exper...

Apply Now

IP Patent Attorney with 2-5 years of computer engineering experience

USA-WI-Milwaukee

Milwaukee office of our client seeks intellectual property patent attorney with 2-5 years of experie...

Apply Now

Labor and Employment Attorney with 3-4 years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks labor and employment attorney with 3-4 years of litigation ex...

Apply Now

RELEVANT JOBS

Legal Development Associate

USA-WI-Menomonee Falls

Seeking a talented and dedicated Real Estate Paralegal!   Continental Properties Company,...

Apply now

Associate

USA-CO-Denver

Hall Prangle & Schoonveld is a national trial defense law firm. We are seeking candidates for an Ass...

Apply now

Paralegal

USA-CO-Greeley

Growing full-service law firm based in Fort Collins and Greeley is seeking a full time Paralegal. Th...

Apply now

Paralegal / Legal Assistant

USA-NJ-Metuchen

Compensation $12 to $15 Hourly Employment Type Full-Time Last online 3 hours ago Why ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top