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Dewey's bankruptcy: Let the rumble begin
May 31st, 2012
(Reuters) - As law firm Dewey & LeBoeuf embarks on the humbling process of working through bankruptcy, creditors and former partners are bracing themselves for a nasty court battle that could drag on for years. Dewey, a storied firm with deep Wall Street connections, filed for Chapter 11 protection on Monday night. The firm had veered toward collapse over the last six months amid revelations of fat salary guarantees, risky loans and a culture of secrecy. Some former partners have hired lawyers in anticipation of clawback suits by the estate. ... (Source: Reuters) -
ISLAMABAD (AP) - Pakistan says it shares "identical views" on foreign policy with China, whose premier is beginning a two-day visit to Islamabad in the latest sign of the tight relationship between the two Asian powers. (Source: Associated Press)... [Full Article]
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