Promote Your Attorney Profile on Law.net - Get Found / Earn More!
DLA Piper Named Pro Bono Law Firm of the Year for Contributions in 2013
DLA Piper Named Pro Bono Law Firm of the Year for Contributions in 201...
Law Offices Creating Ebola Practices
Law Offices Creating Ebola Practices
Daniel J. Buzzetta Joins New York Office of BakerHostetler
Daniel J. Buzzetta Joins New York Office of BakerHostetler
New York Office of Blank Rome LLP Adds Two New Associates
New York Office of Blank Rome LLP Adds Two New Associates
Your profile matches an open legal position. Apply now!
Legal Job Listings

Alan Jacobs Asks for Clawback Suit Against Former Dewey Leaders to Continue

dewey_bonus_plan

Liquidating trustee of Dewey & LeBoeuf, Alan Jacobs, is arguing that his clawback lawsuit against two former law firm heads should not be stayed as they face criminal charges, according to The New York Law Journal.

“The trustee’s urgency in pursuing these claims is heightened by the real risk that [Joel Sanders and Stephen DiCarmine's] assets will dry up while they scramble to defend themselves against the criminal charges and other potential lawsuits,” Jacobs said in documents filed July 4 in the Southern District Bankruptcy Court.

Jacobs is asking for more than $21.8 million from Sanders, the former CFO of the firm and DiCarmine, the former executive director of the firm. The claims made by Jacobs include that the men were awarded contracts with large compensation that required them to do nothing for that money.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




DiCarmine and Sanders asked for a stay of the clawback lawsuit until their criminal case is resolved. They have said that unless their bankruptcy case is stayed, they are going to have to argue the criminal case in the court for bankruptcy.

“This is sheer exaggeration,” Jacobs said.

Jacobs also spoke about the two men estimating when their trial will start, which should be in January of 2015.

“That estimate does not include time for delays, mistrials, appeals, retrials, etc., any of which is possible,” Jacobs said. “The request for a stay is, in effect, a request for an indefinite suspension of this case.” 

Alan Jacobs Asks for Clawback Suit Against Former Dewey Leaders to Continue by

Tagged: , , , ,

Posted by on July 9, 2014. Filed under Law Firm News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Employee Benefits Attorney / Consultant
USA-DC-Washington

  This premier consulting firm offers a good long-term opportunity with equity participation along with the best overall benefit plans of any national consulting firm.  They also offer an...

Related Posts: