Meanwhile, the Wall Street Journal reports that the Manhattan District Attorney is investigating disturbing allegations concerning events leading up to the firm's collapse.
One would think the pending criminal investigation cuts in favor of appointment of an examiner in Dewey's chapter 11 cases. No?
Such an appointment may be possible down the line. The bankruptcy court refused to appoint an examiner based on allegations of impropriety brought in the context of objections to approval of the partner contribution plan. But that is a different context.
Below is the Wall Street Journal's coverage of the criminal investigation: