After Partial Verdict, More Dewey Deliberations
A Manhattan jury found Dewey & LeBoeuf chairman Steven Davis, executive director Stephen DiCarmine and chief financial officer Joel Sanders not guilty Wednesday on some of the felony charges facing the firm's former leaders, but the jury was ordered to keep deliberating on the remaining counts.
October 08, 2015 at 02:42 AM
6 minute read
A Manhattan jury found Dewey & LeBoeuf chairman Steven Davis, executive director Stephen DiCarmine and chief financial officer Joel Sanders not guilty Wednesday on some of the felony charges facing the firm's former leaders, but the jury was ordered to keep deliberating on the remaining counts.
Jurors ended the day with no further consensus and will continue deliberating on Thursday.
Davis was acquitted on 19 of 31 falsifying business record counts including those relating to reclassification of disbursements as fees, the use of an incorrect exchange rate, adjustments related to certain office leases, reapplying partner payments as return of capital and reversing write-offs of disbursements. All these adjustments, prosecutors alleged, were used to artificially inflate the firm's net income.
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