Few of Dewey & LeBoeuf’s original lenders are still holding the firm’s debt. Three of the four banks who have lent money to the now-crippled law firm have sold their share of the debt, according to The Am Law Daily, an affiliate publication. Those three lendersCiti Private Bank, Bank of America, and HSBCwere part of a consortium led by JPMorgan Chase that had collectively been owed some $75 million on a $100 million line of credit. Representatives from all four banks declined to comment.
For the latest Dewey developments, visit AmericanLawyer.com.
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