Legal News

Week Two of Grilling Dewey’s Former Leaders
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

trial continues

Summary: Week two of Dewey’s trial to establish executive responsibility has commenced.

The second week of Dewey & LeBoeuf’s trial commenced on Monday, as prosecutors are taking on the former three executive leaders of the bankrupt firm. They aim to prove that former chair Steven Davis, executive director Stephen DiCarmine, and CFO Joel Sanders not only knew Dewey was in dire straits financially, but hid this from investors.


So the familiar dialectic of court battles has the defense establishing context for the most incriminating of evidence introduced by prosecutors. Of special interest in today’s court case was the exposition of just how much compensation DiCarmine and Sanders earned after a merger between Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae brought them on board.

Admittedly, their compensation ballooned to more than $2 million a year. DiCarmine’s lawyer, Bryan Cave partner Austin Campriello, established that the tidy agreement her client had, with heavy compensation, was common enough in corporate America. She also noted that DiCarmine’s role in the new company was also greatly enlarged, offering justification.

Former Dewey executive committee member Jane Boisseau said Davis partnership agreement didn’t require him to gain the executive committee’s approval. Cesar de Castro, who represents Sanders, made note while questioning her of several executive committee members who were also certified public accountants.

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!!

Assistant director attorney Christopher Conroy questioned former senior tax partner John Salmon, who claimed partners had greater access to financial information before Dewey merged with LeBoeuf.



Trust and Estate Litigation Attorney

USA-CA-Los Angeles

Hagen O’Connell & Hval LLP is seeking to hire an experienced Estate / Trust litigation attorne...

Apply now

Trust and Estate Litigation Attorney


Hagen O’Connell & Hval LLP is seeking to hire an experienced Estate / Trust litigation attorne...

Apply now

Personal Injury Litigation Attorney

USA-CA-Los Angeles

Job details Salary $60,000 - $80,000 a year Job Type Full-time Number of hires for th...

Apply now

Legal Assistant Paralegal


We are seeking a legal assistant or paralegal that is interested in finding a longstanding, professi...

Apply now




Search Now

Liability Defense Attorney

USA-FL-Fort Lauderdale

Ft. Lauderdale office of our client seeks liability defense attorney with 3+ years of insurance defe...

Apply Now

Litigation Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorne...

Apply Now

Senior Family Law Associate Attorney


Murrieta office of a BCG Attorney Search Top Ranked Law Firm seeks senior family law associate attor...

Apply Now

Most Popular


To Top