Citibank Denies Conspiring Against Dewey Partners

Law360, New York (September 17, 2012, 6:39 PM EDT) -- In a dispute with an ex-Dewey & LeBoeuf LLP partner who defaulted on a Citibank NA loan, the bank denied Wednesday that it conspired with Dewey to take advantage of partners in granting them capital contribution loans despite knowing of the firm's financial condition.

In arguing for summary judgment in its May suit against former Dewey partner Stephen P. Otillar and his wife Laura, who took out the loan to make the $207,000 capital contribution he needed to make to join the firm in 2011, Citibank...
To view the full article, register now.