Jurors at the criminal trial of three former Dewey & LeBoeuf executives facing fraud and conspiracy charges heard vivid descriptions of some of the drama that precipitated the firm’s bankruptcy filing in May 2012 from former litigation partner Ralph Ferrara, whose testimony continued Monday.
Though Ferrara was called to the stand by the prosecution, the veteran securities and white-collar criminal defense lawyer often came across as sympathetic to the defense. After praising the defendants—former chair Steven Davis, former executive director Stephen DiCarmine and ex-CFO Joel Sanders—for their leadership capabilities last Thursday, Ferrara spent time Monday describing a tense meeting with all of Dewey & LeBoeuf’s top earners.
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