Following a nearly two-year investigation that began as Dewey & LeBoeuf spiraled toward death, its former chairman, Steven Davis; its former executive director, Stephen DiCarmine; and its ex–chief financial officer, Joel Sanders, were accused Thursday of “concocting and overseeing a massive effort to cook the books” at the firm. “This is not a simple case of aggressive accounting, bad business judgment or poor management,” Manhattan District Attorney Cyrus Vance Jr. said during a Thursday morning press conference called to announce the indictments of Davis, DiCarmine, Sanders and Zachary Warren, who served as client relations manager for the firm in 2008 and 2009. Rather, Vance said, the evidence uncovered in the grand jury’s investigation shows “blatant accounting fraud and deceit perpetrated by all levels of the accounting department at the direction of the firm’s chairman and chief executives.” Read The American Lawyer’s complete coverage below.
Ex-Dewey Leaders Charged With Fraud, Theft
If convicted on all counts, the three principal defendants face a minimum of one to three years in state prison and a maximum of 8 1/3 to 25 years.
Eye-Popping Emails Loom Large in Case
The criminal indictments of three former Dewey leaders accused of engineering a massive fraud that helped kill the firm include a wealth of potentially damaging email messages that lawyers for the defendants say have been taken out of context. Read on for some of the most colorful excerpts.
On the Scene at the Dewey Perp Walk
Clad in suits and handcuffs, former Dewey & LeBoeuf executives Steven Davis, Stephen DiCarmine and Joel Sanders, along with former Dewey accounting employee Zachary Warren, filed into a downtown Manhattan courtroom Thursday to plead not guilty to multiple counts of fraud related to the firm’s 2012 collapse.
Reactions to Indictments Run the Gamut
Those with direct and indirect interests in the events at issue in the charges filed against three former Dewey & LeBoeuf leaders Thursday try to make sense of the stunning developments.
Firm’s Demise Sends Another Ex-Partner Into Bankruptcy
A week before three former Dewey & LeBoeuf leaders were charged with engineering a massive fraud that helped destroy the firm, litigator Geoffrey Coll underscored the human toll of the collapse caused by their alleged actions by filing for Chapter 7 protection.