Dewey Bankruptcy Docket Report: Next Up, Stephen DiCarmine

By Jennifer Smith

Now that Dewey & LeBoeuf LLP has landed in bankruptcy court, the team winding down the firm’s estate is busy scouring for money to pay off some $315 million of debt–and the parade of creditors who say they are owed money by the once-mighty New York law firm is growing daily.

One of the more interesting names to pop up on the bankruptcy docket last week: Stephen DiCarmine, the firm’s former executive director.

A colorful figure noted equally for his charisma and ever-present tan, DiCarmine was one of the firm’s non-partner managers who cut deals allowing them pull in about $2 million a year in salaries and bonuses, as The Wall Street Journal reported in April.

On Friday, DiCarmine filed a notice of appearance in Dewey’s Chapter 11 bankruptcy case. According to his lawyers at Hughes Hubbard & Reed LLP, he has a claim on the estate under the aforementioned employment contract.

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