Individual Dewey & LeBoeuf partners are allowed to justify loans taken from Barclays Bank. pcruciatti
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Barclays is claiming repayments from 50 former partners for the loans, including Charles Landgraf, former managing partner of the Washington DC office, from whom the bank is seeking US$486,000. Last week, the High Court held that he should be given the chance to argue that the loan was taken out to keep the firm going rather than for his personal needs. In total, the bank is seeking restitution of US$15m from the partners.
The hearing date has been set for 1 December 2014. Source: Legal Futures
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