Former Dewey chairman to pay $500k mismanagement settlement

Steve Davis, former chairman of Dewey & LeBoeuf, has offered to pay over half a million dollars to settle claims against him following the firm’s collapse last year.

Davis has agreed to pay $511,145 in the form of a promissory note to the firm’s liquidation trust, after Dewey became the largest law firm in US history to file for Chapter 11 bankruptcy last May.

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