Citi Private Bank, a significant law firm lender, has hired one firm to coordinate lawsuits to recover loans issued to cover capital contributions to Dewey & LeBoeuf partners.
September 11, 2012 at 12:00 AM
1 minute read
In its effort to recover money from former Dewey & LeBoeuf lawyers on loans to cover capital contributions to the firm, Citi Private Bank has so far initiated one legal action.
Citi sued Steven Otillar in New York state court just three days after Dewey’s May 28 bankruptcy filing. At issue: $209,670 Citi lent Otillar, a Houston-based energy and finance lawyer who joined Dewey as a junior partner from Baker & McKenzie in January 2011.
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