Dewey & LeBoeuf’s former general counsel, Janis Meyer, testified Thursday that the executive committee didn’t approve reclassifications of payments made to of counsel as equity partner compensation. She also said she didn’t know about the accounting adjustments.
In a trial before Acting Supreme Court Justice Robert Stolz, the Manhattan District Attorney’s Office has accused Dewey chairman Steven Davis, executive director Stephen DiCarmine and chief financial officer Joel Sanders of directing employees to make fraudulent accounting entries to artificially inflate the firm’s assets so Dewey, which filed for bankruptcy in 2012, could meet creditor and investors’ financial expectations.
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