Dewey's Steven Davis Takes Deal Ahead of New Trial
The retrial in the Dewey & LeBoeuf criminal case will go ahead later this year without the defunct firm's top partner, Steven Davis, who formally accepted a deferred prosecution agreement Friday in Manhattan state court.
January 08, 2016 at 08:01 AM
4 minute read
The original version of this story was published on The American Lawyer
The criminal retrial of two former executives of Dewey & LeBoeuf is scheduled to proceed later this year without the defunct firm's top partner, Steven Davis, after Davis formally accepted a deferred prosecution agreement Friday morning in Manhattan state court.
Davis, who was chairman of Dewey & LeBoeuf, left the courtroom Monday morning after Acting Supreme Court Justice Robert Stoltz reviewed with him some of the terms of his deal with the Manhattan district attorney's office. Davis' lawyers also said he had reached a settlement in a parallel civil suit brought by the U.S. Securities and Exchange Commission.
Under the terms of the DPA, Davis cannot practice law in New York, must appear in court for status conferences when requested and must satisfy the terms of his settlement agreement. After five years, if he has met those terms and has not committed any crimes in New York state, the DA's office will dismiss the indictment against Davis.
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