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Davis excluded from Dewey settlement deal

So, the idea is that the rank and file partners pay more money, after losing their capital, to stop other partners suing them. But in reality, which partners are most likely to be sued? Most likely the management partners, who did not tell the other partners what was really going on, or induced laterals to join a sinking ship. Will the general body of partners really buy into the idea of paying yet more money for illusory benefits for themselves, to protect the very partners who got them into this mess in the first place? Nice try.

21-Jun-2012

10:13 am