Dewey & LeBoeuf: unsecured creditors revealed
03 August 2012
The full financial fallout from the demise of Dewey & LeBoeuf has been revealed as the administrators move in to divvy out the remaining scraps. And it looks like a large number of unsecured creditors will be fighting for a meagre sum of money.
The firm's death has left a £4.2 million pound hole
where its London office used to be. Its creditors run from the firm's erstwhile landlord, Prudential Property Investments Limited, which is owed a stonking £562,414, all the way down to £174 for takeaways. Some of the chunkier claims include:
| £373,600 |
|CBRE / London Central Portfolio / MESL Group
| >£100,000 |
| £11,327 |
|Chambers & Partners
It has been reported that the Pru refused to accept the surrender of the lease, and may finish up recovering only a small portion of its missing rent. And provider of precedents and
saviour of junior associates Practical Law may finish up nursing an astonishing
£373,600 hole in its accounts.
And the little guys will suffer too: office coffee machine supremos Strong Vend could lose out on £65,408 and the local Haz restaurant on Mincing Lane is owed £1,249. And takeway service Deliverance is looking for £174.
||£65,408 worth of coffee yesterday|
With only £600,000 thought to be available to cover all the debts, and with the administrator's costs and ex-employees' claims likely to take up most of that, it's clear the unsecured creditors will take a big hit. Perhaps Mort Pierce will stump up
. Perhaps not.
You can check out the entire list of creditors here