Why Dewey Owe More Than $400K to a Former Associate?(And a report on Dewey's day in bankruptcy court.)

What happened at yesterday's bankruptcy court hearing for Dewey & LeBoeuf? And why does the firm owe more than $400,000 in "severance" to a former associate?

Dewey Files for Bankruptcy

Dewey Hopes to Resolve Bankruptcy Quickly [DealBook / New York Times]
Judge Rejects Dewey Request to Tap Cash To Fund Ongoing Operations [American Lawyer (reg. req.)]
Dewey Effectively Done As Firm Files for Bankruptcy Protection [American Lawyer (reg. req.)]
Law Firm Dewey for Files Chapter 11 [Wall Street Journal (sub. req.)]
Dewey’s Stack of Bills [WSJ Law Blog]
In re Dewey & LeBoeuf: Voluntary Petition [U.S. Bankruptcy Court for the Southern District of New York via Scribd]
T&K Expands New York Trial Practice [Thompson & Knight (press release)]

Earlier: Dewey File for Bankruptcy? Yes — It’s About That Time

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