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A former Dewey & LeBoeuf partner has resolved a dispute with Citibank after he accused the bank of defrauding him and his fellow partners when they signed up for a loan program to finance their capital contribution into the ailing firm.Citibank sued former Dewey partner Steven Otillar in May 2012 for defaulting on a $209,000 loan that financed his capital in the now-defunct law firm. Otillar now works at the law firm Akin Gump Struss Hauer & Feld.Otillar filed an opposing motion in August, claiming he did not owe Citibank payment and that the bank had "fraudulently induced" him and other Dewey partners to sign up for the capital loan program when it knew of the firm's precarious financial state. Otillar said Citibank had a duty to disclose whatever knowledge it may have possessed regarding Dewey's true financial condition to Otillar and other partners who received loans from Citibank.In a single-paragraph order on Thursday, New York federal Judge Louis Stanton dismissed the case after ...
By Scott MaloneBOSTON (Reuters) - Memo to Washington from corporate America: unemployment is high, confidence is low and your bickering over the country's debt is th...
Just days after a key $3 billion television contract was nixed by Major League Baseball , the debt-ridden Los Angeles Dodgers filed for Chapter 11 bankruptcy on Mond...
By Tom BerginLONDON (Reuters) - Western oil firms are unlikely to face widespread asset seizures or contract revisions as a result of Arab uprisings, thanks to deft ...
Bond insurer Ambac Financial Group Inc (NYSE:ABK) has sued the United States to block a seizure of $700 million of tax refunds that it said could destroy its ability...
By Joan GrallaNEW YORK (Reuters) - The U.S. Securities andExchange Commission's settlement with New Jersey over flawedbond disclosures has left experts questioning w...
Allmand and Lee Founder and Partner Reed Allmand, Dewey and Leboeuf Department Chair Martin Bienenstock and Ziggy Cartoonist Tom Wilson on whether businesses are too quick to consider bankruptcy.
Allmand and Lee Founder and Partner Reed Allmand, Dewey and Leboeuf Department Chair Martin Bienenstock and Ziggy Cartoonist Tom Wilson on why in some cases bankruptcy helps turnaround a company quicker.
Allmand and Lee Founder and Partner Reed Allmand, Dewey and Leboeuf Department Chair Martin Bienenstock and Ziggy Cartoonist Tom Wilson on whether businesses are too quick to consider bankruptcy.
A judge on Monday approved Ambac Financial Group Inc.'s (ABKFQ) settlement with the Internal Revenue Service over the very tax issues that helped tip the bond insure...
The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey's trustee and insurer to resolve claims...
A federal bankruptcy judge approved the liquidation plan for Dewey & LeBoeuf on Wednesday, a milestone in the winding down of the collapsed law firm that paves the w...
Hostess Brands Inc. will send its first group of brands, including Wonder Bread, to the auction block next week as part of its bankruptcy liquidation.Flowers Foods I...
U.S. Bankruptcy Judge Martin Glenn approved on Tuesday a $71.5 million settlement between former partners of Dewey & LeBoeuf and the bankrupt law firm's estate.The s...
FBN's Tracy Byrnes breaks down afternoon market news.
The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to f...
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