Legal News

Judge Rules LeBoeuf Employee Will Have Separate Trial
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Zachary Warren

Summary: A former Dewey & LeBoeuf employee will have a trial separate from former top-level executives at the firm, meaning two back-to-back criminal trials will be conducted.

Zachary Warren, who held the low-level position of client relations manager at the obsolete New York law firm Dewey & LeBoeuf, will have his own separate trial for criminal charges that stem from the downfall of the firm, according to the New York Times.

  
What
Where


On Friday, Justice Robert M. Stoltz of the New York State Supreme Court ruled that Warren would be tried separately from three other employees at Dewey who were top executives at the firm. Those three employees are accused of creating a scheme that used accounting tricks to cover up the shaky status of Dewey’s financial state just before the financial crisis hit the country. Therefore, two consecutive criminal trials will be held over the events that led to the firm filing for bankruptcy in December of 2012. Ultimately, investors lost up to $200 million.

Read about a recent ruling in this case by the bankruptcy court here.

Cyrus R. Vance Jr., the district attorney for Manhattan, shocked the country when he announced a 106-count indictment against the former top executives at Dewey, including Joel Sanders, former chief financial officer; Stephen DiCarmine, onetime executive director; and Steven H. Davis, former chairman. In addition, Vance revealed that his office obtained guilty pleas from seven former employees, most of whom worked in the finance and accounting department at Dewey.

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!!




Read about the clawback lawsuit here.

Justice Stoltz’s ruling was good news for Warren. The 30-year-old attorney faces fewer charges than the former co-defendants. Warren argued that if he were to be tried in the same trial as the other executives, it could unfairly prejudice him in front of a jury.



Do you think the employee should have a separate trial?

View Results

Loading ... Loading ...

In his opinion, Justice Stoltz wrote that there would be “substantial danger of a spillover from the evidence” against the executives, and that a jury would have difficulty distinguishing liability of the defendants. In addition, Stoltz stated that Warren is not facing a larceny charge, unlike the former executives.

Paul Schectman, Warren’s attorney, stated that the ruling was “very good for the defense.” In addition, the judge also dismissed two counts of falsifying business records against Warren, but allowed a charge of scheme to defraud and conspiracy to stand. According to the judge, Warren was more than a “mere bystander” to the events that occurred at the firm.

Read this article from March which discusses the charges against the executives.

The judge also threw out three falsifying business charges against the former executives, but most of the charges in the indictment remain. Specifically, the judge stated he was not convinced that the grand larceny charges against the former executives should be dismissed. The grand larceny charges are among the most serious of the charges brought against the former employees.

Photo credit: americanlawyer.com



 

RELEVANT JOBS

Lead Attorney

USA-VA-Virginia Beach

Multi-state legal recoveries Firm seeks Lead Attorney to join its Virginia Beach, VA office. This is...

Apply now

Paralegal

USA-DC-Washington

CHENEGA HEALTHCARE SERVICES, LLC Washington DC   The Paralegal II shall prov...

Apply now

Accounting Manager

USA-TX-El Paso

Key Duties & Responsibilities: “Hands on” management of the general ledger, accoun...

Apply now

Managing Attorney

USA-TX-El Paso

The ideal candidate will have the following traits: Sharp Organized Decision maker Flexi...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search Top Ranked Law Firm seeks a litigation associate attorne...

Apply Now

Corporate Transactional Partner

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search Top Ranked Law Firm seeks a corporate transactional part...

Apply Now

Corporate Transactional Partner

USA-TX-Austin

Austin office of a BCG Attorney Search Top Ranked Law Firm seeks a corporate transactional partner w...

Apply Now

SEARCH IN ARCHIVE

To Top