Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Weil Gotshal & Manges Reducing its Space in General Motors Building
Weil Gotshal & Manges Reducing its Space in General Motors Buildi...
Blank Rome LLP Welcomes Gary Ruckelshaus to Princeton Office
Blank Rome LLP Welcomes Gary Ruckelshaus to Princeton Office
D. Gilbert Friedlander Joins Sidley Austin LLP Office in Dallas
D. Gilbert Friedlander Joins Sidley Austin LLP Office in Dallas
ERISA Lawyer of the Year Joins Mayer Brown
ERISA Lawyer of the Year Joins Mayer Brown
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.

What

 job title, keywords

Where

 city, state, zip



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
Insurance Defense Associate
USA-TX-Dallas

Immediate opportunity for two Insurance Defense Attorneys to join an established Dallas law firm.  One position is for a mid-level associate requiring 3 to 5 years expereince, and the other is ju...