Wells Fargo Bailed On Dewey Early, Lost Nothing, Jury Hears

Law360, New York (August 19, 2015, 7:52 PM EDT) -- Jurors in the trial of the former top executives of Dewey & LeBoeuf LLP on Wednesday heard how Wells Fargo & Co. bucked a trend among major banks and got out of business with Dewey early, potentially saving the lender tens of millions of dollars.

For the second day, the jury heard testimony from Wells Fargo Senior Vice President Robert Tolan, who testified about his dealings with Dewey while at Wachovia and later Wells Fargo after its 2008 acquisition of Charlotte-based Wachovia.

Wachovia/Wells was a part of a syndicate of banks that collectively lent $74.6 million to Dewey in 2008, but...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!