Banks Pressure Former Dewey Partners to Repay Loans

, The Am Law Daily

   | 2 Comments

Loans taken out by Dewey & LeBoeuf partners to fulfill their capital contribution obligations—worth 36 percent of their target compensation—are coming due and Citibank and Barclays are pressing for their money back. At least one former partner is the target of litigation by Citi.

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What's being said

  • Lulaine

    This is very sad chapter in the tragedy that is Dewey Leboeuf. The partners aren't compensated and now they are liable. That is why it is important to be engaged as a partner in the finances of the firm to avoid situations like this. There is no point in suing because the firm is bankrupt. Also the creditors are looking to get their money back as well as employees who might have lost deferred compensation like pension benefits, 401k contributions and the like. http://www.legalfunding.com/solutions/plaintiff_funding.cfm

  • claude funston

    what a nightmare

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