Banks Cry Foul On Dewey's Move For Cash Collateral

Law360, New York (June 6, 2012, 9:47 PM EDT) -- Fidelity National Capital Inc., Fifth Third Bancorp and a Bank of America NA unit on Wednesday objected to bankrupt Dewey & LeBoeuf LLP's request to use its cash collateral, voicing concerns that the firm may have already sold some of the leased property held by the creditors.

In an objection filed in New York bankruptcy court, Fidelity National — which does business as Winthrop Capital — says it believes some of the leased property and equipment in several of Dewey's foreign offices may have been transferred...
To view the full article, register now.