Manhattan Assistant District Attorney Peirce Moser tried to make the case in his summation on Friday that Dewey & LeBoeuf’s alleged scheme to defraud banks and other investors was directed by the firm’s top executives, Steven Davis and Stephen DiCarmine.
Throughout the morning, Moser repeated the assertion that Davis and DiCarmine, respectively chair man and executive director of the now-defunct firm, told former chief financial officer Joel Sanders that the firm had to meet covenants with its banks. He claimed that Sanders drafted the firm’s director of finance, Francis Canellas, into a scheme to artificially inflate the firm’s bottom line. Canellas then allegedly brought aboard a slew of others.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
