Two former leaders of Dewey & LeBoeuf have settled a trustee’s clawback suit, clearing another piece of civil litigation as they prepare for a criminal trial.
Alan Jacobs, the liquidating trustee of Dewey & LeBoeuf was seeking more than $21.8 million from Joel Sanders, the former CFO, and Stephen DiCarmine, former executive director, in Jacobs v. DiCarmine, 13-01765, in Southern District Bankruptcy Court. Jacobs claimed the former executives’ employment contracts awarded them exorbitant compensation that required nothing in return.
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