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Sub line fraudster pleads guilty; Weil adds to NY office

Weil adds private equity partner in New York.

Fund finance: Elliot Smerling pleaded guilty to fraudulently obtaining $140 million in sub lines from Silicon Valley Bank and Sumitomo Mitsui Banking Corporation. Bill Myers has more details.

People: Weil, Gotshal & Manges has added a private equity partner in New York.

Email prepared by Graham Bippart