Barclays Plc won a London court case seeking repayment of a $540,000 loan to a former partner at collapsed law firm Dewey & LeBoeuf LLP, Bloomberg News reported today. The bank lent money to Londell McMillan in 2010 so that he could contribute capital along with the other partners in the firm. Dewey filed for bankruptcy protection two years later and Barclays called in loans made to about 220 partners totaling about $56 million. McMillan, an entertainment attorney who has represented Michael Jackson, Prince and Stevie Wonder, argued that the loan was for the firm’s benefit. Judge Andrew Popplewell disagreed. McMillan was “at times unwilling to accept what was plain on the face of documents and seemed to me to have convinced himself of a version of events which was inconsistent with the contemporaneous record,” Judge Popplewell said in a written ruling.
