Several Dewey & LeBoeuf former partners have recently settled clawback claims brought by the firm’s liquidating trustee.
Among them is Fred Reinke, a Mayer Brown partner in Washington, D.C. Dewey trustee Alan Jacobs sued him last December for about $814,000 that Reinke allegedly received in compensation and tax payments from Dewey. His attorney, Bennette Deacy Kramer of Schlam Stone & Dolan, confirmed the settlement but declined further comment. “It’s all confidential,” she said.
According to a March 17 court report, clawback litigation in Dewey’s bankruptcy was also settled with Thomas Dirk and Robert Auchter, principals at McKool Smith; John Keiserman, a partner at Katten Muchin Rosenman; and former Sidley Austin lawyer Chiu-Ti Jansen.
Dirk and Auchter did not return messages seeking comment. Keiserman declined to comment, and Jansen could not be reached. Ex-partners targeted in clawback litigation declined to join a $71 million settlement struck in 2012 between 400 of their former colleagues and the Dewey bankruptcy estate. About 20 clawback suits are pending.
Meanwhile, two lawsuits in bankruptcy court against former executive director Stephen DiCarmine and former CFO Joel Sanders were dropped last week. Equipment leasing and finance company ePlus Group Inc. had sued the duo in December alleging the Dewey leaders filed “false and misleading financial statements” upon which ePlus relied.
Shortly after ePlus amended its complaint to reflect the criminal charge against the pair (NYLJ, March 21), it voluntarily dismissed its suit without prejudice. The company’s attorney, Richard Levy of Pryor Cashman, declined to comment.
A suit initiated by former Dewey partner Henry Bunsow against Sanders and DiCarmine was also dismissed voluntarily by Jacobs, the Dewey trustee. Bunsow assigned his suit’s claims to the estate. Jacobs declined to comment.
“The two cases were dismissed voluntarily because we believe that both ePlus and Bunsow realized that [their] allegations would be dismissed,” said Ned Bassen, a Hughes Hubbard & Reed partner who represents Sanders.