Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery: 09.29.2014
    DreamWorks Animation soars on reports it’s about to be bought by SoftBank.  Starboard Value makes a public push for Yahoo to buy AOL.  We analyze those stories and dip into the Fool Mailbag.
  • MarketFoolery: 09.25.2014
    Bending phones and iOS 8 glitches, which is worse for Apple?  The FAA will allow movie and TV studios to use flying drones.  Are delivery companies next in line?  Plus we dip into the Fool Mailbag and discuss whether FOX, CBS, Yahoo and NBC will bid for the services of ESPN columnist Bill Simmons.
  • MarketFoolery: 09.24.2014
    Bed, Bath & Beyond rises on a surprising earnings report.  Plus we analyze BlackBerry’s new Passport phone and dip into the Fool Mailbag.
Capital Business
Posted at 12:19 PM ET, 05/17/2012

Landlord of Dewey & LeBoeuf’s D.C. office seeks to evict ailing law firm over unpaid rent

The owner of the downtown office building housing Dewey & LeBoeuf’s Washington office is seeking to evict the law firm over $927,000 in unpaid rent, according to a lawsuit filed in D.C. Superior Court this week.

The suit, filed Monday by the owner of 1101 New York Ave. NW, Property Group Partners, lists $927,053 in unpaid rent between Feb. 1 and May 12.

Dewey, once one of the biggest law firms in the U.S., has quickly unraveled in the past four months as 180 of the firm’s 320 partners decamped to other law firms over a controversial compensation system that left Dewey unable to pay its partners. All four of the firm’s top leaders have landed at other law firms, including Charles Landgraf, a top insurance lobbyist in D.C. who joined Arnold & Porter this week.

A Dewey spokesperson did not immediately return a call seeking comment Thursday. A representative for Property Group Partners declined to comment.

Dewey’s Washington office occupies about 140,000 square feet, including the top floor of the building. The firm has failed to pay about $550,000 in accrued monthly rent, $26,000 in late fees and other utilities charges, taxes and attorneys’ fees, according to the filing.

The building also houses Google’s Washington operations.

By  |  12:19 PM ET, 05/17/2012

 
Read what others are saying
     

    © 2011 The Washington Post Company