The retirees and former partners with whom I have spoken feel shocked and betrayed. It’s very hard to reconcile the principal architect of the debacle paying nothing at this time while the retirees and innocent partner victims have had to pay back money to the firm. Davis’s note is regarded as a sham.
— David Bicks, a retired Dewey & LeBoeuf partner, offering remarks on the iniquitous nature of former D&L chairman Steven Davis’s promissory note filed in proposed settlement of the firm’s claims against him. Under the agreement, Davis, who is currently unemployed, owes the firm $511,145, and has until 2019 to pay up; thereafter, the rest will be forgiven.