A heated dispute between Citibank and a former Dewey & LeBoeuf partner over what the bank claimed was his unpaid capital contribution loan was quietly resolved on May 8 when Southern District Judge Louis Stanton approved a settlement under which the feuding parties agreed to drop their dueling lawsuits.
Citibank sued Houston-based energy lawyer Steven Otillar in New York state court last May, just weeks after he left Dewey for Akin Gump Strauss Hauer & Feld and three days after the firm filed for bankruptcy protection. Citi maintained at the time that Otillar owed it $209,670 in connection with a $207,000 loan he took out nine months after joining Dewey in January 2011 from Baker & McKenzie (NYLJ, Sept. 7, 2012).
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