Biglaw

Former Execs from Dewey Expected to be Charged Thursday
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

It is expected that three former top executives from defunct law firm Dewey & LeBoeuf will be charged Thursday with misleading other lawyers and lenders about the firm’s financial health, according to the New York Times.

Cyrus Vance Jr., the Manhattan District Attorney, will announce the criminal charges on Thursday. They will be against Steven H. Davis, former chairman; Stephen DiCarmine, former chief executive; and Joel Sanders, former chief financial officer.

  
What
Where


The firm filed for bankruptcy protection in 2012. Its collapse shut its 26 worldwide offices and forced 1,300 people out of jobs.

Along with the criminal charges, the Securities and Exchange Commission is expected to file a civil action in relation to misrepresentations of the firm’s 2010 sale of $125 million in debt notes in order to refinance bank debt.

Both Vance and the SEC declined comment on the issue.

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!!




The current employer of Sanders, Greenspoon Marder, issued a statement on Sanders’ behalf:

“During his tenure with Greenspoon Marder, Joel Sanders has demonstrated his honesty, integrity and dedication to the firm. We will continue to support Joel through this ordeal and look forward to a successful outcome.”



It seems as though a group of off-color emails about the firm’s health are the key reasons for the indictments. These messages were released after the firm collapsed.

The document below is from Jacob Gershman from the Wall Street Journal.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Associate Attorney

USA-MD-Baltimore

Baltimore office of our client seeks mid-level litigation associate attorney with 3+ years of experi...

Apply Now

Junior Employment Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking an attorney with 2-3 years of employment litigation, class action or...

Apply Now

Transactional Real Estate Attorney with 5+ years of experience

USA-NY-New York City

New York City office of boutique firm is seeking a transactional real estate attorney 5+ years of ex...

Apply Now

Business Transactions Attorney Partner

USA-OR-Portland

Portland office of our client seeks business transactions attorney partner with 4+ years of experien...

Apply Now

RELEVANT JOBS

Hotline & Training Managing Attorney (IMMIGRATION)

USA-NY-New York City

The Hotline & Training Services Managing Attorney will guide, develop, and supervise the Hotline sta...

Apply now

Associate Attorney

USA-CA-Sacramento

A civil plaintiff’s law firm is hiring for an associate attorney, preferably with strong resea...

Apply now

Associate Attorney

USA-TX-Sugar Land

Insurance Defense firm seeks an Associate Attorney with a MINIMUM of 3-5 years\' experience in litig...

Apply now

Litigation paralegal

USA-TX-Dallas

We are looking to immediately hire a responsible, highly organized, self-motivated litigation parale...

Apply now

SEARCH IN ARCHIVE

To Top