Dewey tries to talk London partners into $103m settlement

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  • Does anybody think a UK liquidator will give a stuff about this deal when deciding whether or not to pursue the former partners? A deal on clawback between the LLP and the UK partners will not bind a liquidator or prevent him bringing his own claims. Better to keep your money in your pocket until you know the full extent of the claims you are facing and what potential defences are available.

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  • I also heard that Steve Horvath and Janis Meyer would get a FULL release without having to contribute a single dollar. This clearly stinks but explains why Horvath is so keen to stitch up his former partners. Togut and Mitchell are going along as they are keen to keep their role (and the millions they are making) in the Dewey estate and they are terrified that this juicy mandate would slip from their hands into a professional trustee managed bankruptcy.

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  • If you read the details of the 'settlement offer' - the top guys do well because they have a relatively low cap on the clawback amount and the lowest earning partners also do relatively well. Higher paids are buying the votes of the lower paids. That leaves the burden upon the middle level partners who were productive - and they should vote against.
    And Horvath is still lobbying for a job to be provided by the higher paids. $50,000 per week - wtf?

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  • Who says you can't polish a turd eh!

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  • a plague on all their houses......

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  • Another firm, Yaffe Jackson Ostrin in Liverpool, appears to have abandoned ship allegedly without SRA's knowledge.
    Is this the shape of things o come?

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