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Dewey & LeBoeuf posts $13.7 million net cash flow for June, cash up
By Jim Witters
Wilmington, Del., July 23 - Dewey & LeBoeuf LLP posted net cash flow of $13.7 million on $19.3 million in fees collected, according to the firm's monthly operating report filed July 20 with the U.S. Bankruptcy Court for the Southern District of New York.
The firm also reported $13.42 million of fees in excess of expenses.
Total cash and cash equivalents were $54.5 million as of June 30, according to the report.
Cash on hand was $29.32 million on June 30, up from $15.64 million on May 28, the report stated.
Dewey & LeBoeuf, a New York-based international law firm, filed for bankruptcy on May 28. Its Chapter 11 case number is 12-12321.
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