As Dewey Collapses, Partners and Retirees Face Big Financial Losses.

For the law partners at Dewey & LeBoeuf, losing their jobs may be the least of their worries. They are likely to lose the money they were required to invest in the firm. They could lose their pensions. They may have to give back money they have already been paid. And even if creditors eventually agree to accept a small portion of what they are owed, the partners may owe taxes on the forgiven debt. [ABSTRACT FROM AUTHOR]