Biglaw

Future for Dewey and LeBoeuf Execs Looking Bleak
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Dewey and LeBoeuf execs

Summary: The defense attorneys have not had much evidence to support their clients, Dewey and LeBoeuf executives during the four month trial.

The trial for the three Dewey and LeBoeuf executives charged with defrauding lenders and investors before the law firm went bankrupt is drawing to a close. For four months, the jury has been hearing from previous employees of the firm and been shown evidence like emails to prove their knowledge and involvement in the plan.

  
What
Where


Assistant District Attorney Peirce Moser is calling for the jury to convict the three men, stating that they ordered the fraud even though they may not have personally carried it out. Each man faces dozens of counts, some of which are conspiracy, falsifying records, and grand larceny. The grand larceny charge, the most serious of all the charges, carries a sentence of up to 25 years in prison.

Prosecutors in the case have presented evidence showing how the three men schemed to manipulate the financial records of the firm in order to avoid detection of their looming demise. The law firm ended up filing for bankruptcy in 2012, which is the largest ever U.S. firm to do so.

Defense attorneys have had the trouble of trying to prove that the men did not know about the accounting fraud. Moser has been able to show that although the men might not have known all the details of the fraud, they were the ones that ordered it. The prosecutions key witness, former finance director Frank Canellas, was key in displaying the knowledge and orders that the executives gave to fix the books so that the firm could meet cash-flow covenants with lenders.

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!!




Lawyers for both sides are starting to present their summations.

Source: http://www.businessinsider.com/former-executives-of-a-huge-law-firm-that-imploded-could-go-to-prison-for-25-years-2015-9



Photo: nypost.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Labor and Employment Attorney

USA-CA-Mountain View

Mountain View office of our client seeks senior labor and employment attorney with 4+ years of exper...

Apply Now

Mid-Level Corporate Associate

USA-CA-San Francisco

San Francisco office of our client seeks mid-level corporate associate with 3 years of experience. T...

Apply Now

Junior to Mid-Level Corporate Associate

USA-WA-Seattle

Seattle office of our client seeks junior to mid-level corporate associate with 2 years of experienc...

Apply Now

Litigation Labor and Employment Associate

USA-CA-Sacramento

Sacramento office of our client seeks labor associate with 2-4 years of employment litigation experi...

Apply Now

RELEVANT JOBS

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

Civil Litigation Attorney

USA-WV-Charleston

Goodwin & Goodwin, LLP, a mid-sized law firm in Charleston, WV,  is seeking applicants for the ...

Apply now

Litigation paralegal

USA-TX-Dallas

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

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top