A former Dewey & LeBoeuf partner who filed for chapter 7 bankruptcy in November now faces claims by JP Morgan 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 American Lawyer reported today. The bank alleges in a complaint filed on 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 JP Morgan Chase to extend his loan. JP Morgan Chase is asking the bankruptcy court to declare the loan to Altorelli nondischargeable. Altorelli left Dewey in April of 2012, just one month before the firm filed for chapter 11 bankruptcy. Three of the firm’s former leaders — chairman Steven Davis, executive director Stephen DiCarmine and CFO Joel Sanders — currently face criminal charges of alleged accounting fraud brought by Manhattan District Attorney Cyrus Vance.
