Legal News

Dewey and LeBoeuf Execs Cleared of Some Counts
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Dewey & LeBoeuf

Summary: The jury has rejected many of the lesser charges against the three former Dewey & LeBoeuf executives, but deciding the more serious charges is proving difficult.

“I asked a former Dewey partner in town from Dubai what he thought of [the Dewey] jury deliberations: ‘I painted a wall. It dried.'” — Sara Randazzo, legal writer for The Wall Street Journal

  
What
Where


The Dewey & LeBoeuf case is dragging on.

And on.

And on.

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!!




At first it was interesting. There were anecdotes about wild parties and steak dinners. Stories of unscrupulous partners pinning blame on subordinates. Incredulous numbers to the tune of $250 million in taxable income for 2011 . . . with $295 million in partner payouts that same year.

After many months of witness testimony and oral arguments, the case finally seems to be chugging–or more like limping–along to its inevitable end. Last week the jury rendered a partial verdict, clearing the execs of some (but not all) of the charges.



On Tuesday, the jury rejected four additional counts of falsifying business records for chairman Steven Davis and executive director Stephen DiCarmine as well as one count for CFO Joel Sanders.

The jury has been unable to reach a verdict on the remaining 93 counts, including the most serious charge of larceny. The judge refuses to let a mistrial happen, and continues to send the case back to the jurors.

The five men and seven women on the jury must now decide if the three execs are guilty of deceiving lenders about the financial stability of the firm immediately before it fell apart in 2012. The most serious charges against each of the defendants are 15 counts of grand larceny in the first degree, one count of conspiracy, scheme to defraud, and securities fraud.

If convicted on the grand larceny charges, the execs would face a mandatory one year–and up to a 25 year–sentence. The falsifying business records and fraud charges carry one to four year sentences.

 

Source: http://www.americanlawyer.com/id=1202739667303/Dewey-Execs-Dodge-More-Charges-Amid-Jury-Confusion?slreturn=20150914175930#ixzz3oYgRdkul

Additional source: @sara_randazzo (Twitter), Bloomberg BNA, The New York Times

Photo: logodesignblog.net



 

RELEVANT JOBS

Associate Litigation Attorney

USA-CA-Irvine

The Law Offices of Samer Habbas is a high-volume, fast-paced firm seeking a motivated and driven att...

Apply now

Civil Litigation Paralegal

USA-CA-Irvine

A rapidly growing personal injury law firm is seeking a highly organized, experienced litigation par...

Apply now

Associate Attorney- Litigation

USA-MT-Missoula

About the Job: Established AV-rated Missoula law firm is seeking an articulate and ambitious asso...

Apply now

Litigation Paralegal

USA-MT-Missoula

About the Job: Established AV-rated Missoula law firm is seeking a full-time Litigation Paralegal...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Real Estate Attorney

USA-NJ-Parsippany

Parsippany office of a BCG Attorney Search Top Ranked Law Firm seeks real estate attorney with 5 yea...

Apply Now

Corporate Advisory Associate Attorney

USA-IL-Chicago

Chicago office of a BCG Attorney Search Top Ranked Law Firm seeks corporate advisory associate attor...

Apply Now

Trademark and Copyright Portfolio Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks a trademark and copyright po...

Apply Now

SEARCH IN ARCHIVE

To Top