A state judge in Manhattan has directed former Dewey & LeBoeuf chairman Steven Davis to pay Citibank nearly $400,000 that his attorney said served as a capital contribution to the failed law firm.
The loan principal was $360,000, requiring annual $72,000 payments starting in 2013. Citibank’s lawsuit, filed in January, said that Davis did not make the payments and became past due on interest, resulting in a default. The unpaid balance equaled $399,551, the bank claimed.
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