A former Dewey & LeBoeuf partner who filed for Chapter 7 bankruptcy in November now faces claims by JPMorgan Chase that he lied last year when he sought more time to pay back a $500,000 loan he had taken out in 2012.
The bank alleges in a complaint filed Monday in the U.S. Bankruptcy Court in Connecticut that John Altorelli—now co-chair of DLA Piper’s finance practice in the U.S.—misrepresented the value of his assets in an effort to convince JPMorgan Chase to extend his loan. JPMorgan Chase is asking the bankruptcy court to declare the loan to Altorelli nondischargeable.
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