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 Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid-level litigation attorney with experience taking/defending dep...

Apply Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a support attorney with some experience/familiarity with a litigatio...

Apply Now

Trust and Estate Attorney

USA-NY-New York City

Boutique trust and estate firm is seeking an attorney with 7+ years of experience. Candidate should ...

Apply Now

Defense Litigation Attorney

USA-NJ-Atlantic City

Atlantic City office of our client seeks defense litigation attorney with 3-5 years of experience. T...

Apply Now

RELEVANT JOBS

Senior Paralegal

USA-NJ-Red Bank

*MUST HAVE CURRENT PARALEGAL EXPERIENCE (ZONING/ LAND USE PREFERRED) Red Bank, New Jersey law ...

Apply now

Chemistry Prosecutor

USA-MA-Boston

Cesari and McKenna, LLP is seeking a Patent Attorney with a MS or PhD in Chemistry with at least two...

Apply now

Associate - Insurance Coverage D&O Group

USA-NY-Valhalla

Defense firm seeking junior insurance coverage associate with strong analytical and writing skills f...

Apply now

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

Most Popular

SEARCH IN ARCHIVE

To Top