The U.S. Securities and Exchange Commission is in discussions to settle its civil case against Dewey & LeBoeuf executive Joel Sanders, who was convicted in May of scheming to defraud investors in his former firm, court documents show.
The SEC wrote to Southern District Judge Valerie Caproni on Tuesday, indicating the possible deal with Sanders. SEC attorney Howard Fischer’s letter said a “negotiated resolution” would avoid the expense of litigation, and Sanders believes “the prospects of reaching any early resolution are greater than the threat of re-initiating litigation.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
