Regulators moved on May 10, 2012, to seize control of pension plans at Dewey & LeBoeuf, the latest sign of likely collapse at what was once a top U.S. law firm. Dewey also faced its first lawsuit over plans to fire hundreds of employees.
The Pension Benefit Guaranty Corporation said it would take responsibility for three pension plans covering 1,800 current and future retirees. The plans were underfunded by $80 million, it said. Read more…





