Legal Business

Creditors draw battle lines over Dewey & LeBoeuf assets

An intense and long-running battle is set to begin over the assets of Dewey & LeBoeuf which, as many observers had long predicted, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in Manhattan on 28 May.

The filing sets the stage for a struggle between creditors that experts predict could run for years in a process that one observer likened to ‘bear-baiting’.