Dewey trial: prosecutor offers guilty deals to three defendants as Davis’ lawyers continue to negotiate

US prosecutors have told a New York judge of new guilty plea deals offered to three senior Dewey & LeBoeuf executives after the criminal case over the biggest law firm bankruptcy in history collapsed recently.

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Dewey & LeBoeuf case could go to a retrial after jury fails to reach verdict

While acting Supreme Court Justice Robert Stolz has declared the criminal proceedings against the former executives of now defunct firm Dewey & LeBoeuf a mistrial after three weeks of jury deliberations, the case may now be headed for a retrial.

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Not over yet – New York jury clears former Dewey leaders on multiple counts in partial verdict

A Manhattan jury has found former Dewey & LeBoeuf executives Steven Davis, Stephen DiCarmine and Joel Sanders not guilty on multiple criminal charges related to the largest law firm collapse in legal history, although it is still deliberating a number of more serious charges.

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‘Not a naïve or vulnerable consumer’: Barclays wins capital loan claim against former Dewey partner

The High Court has today (9 June) handed down its judgment in favour of Barclays Bank in a long running battle to secure repayment of a $540,000 loan together with interest from former Dewey & LeBoeuf partner Londell McMillan. Continue reading “‘Not a naïve or vulnerable consumer’: Barclays wins capital loan claim against former Dewey partner”

After two year investigation, the trial of Dewey’s senior management kicks off with contest over the cause of the firm’s collapse

The long-awaited trial against three former Dewey & LeBoeuf executives, which will in part probe the causes behind the largest law firm collapse in legal history, started yesterday (26 May) concerning allegations the trio committed criminal fraud and altered accounts in a bid to prevent the firm’s demise.

Continue reading “After two year investigation, the trial of Dewey’s senior management kicks off with contest over the cause of the firm’s collapse”

Dewey liquidators confirm payout while Cobbetts’ payments are postponed

As the fallout from the demise of Dewey & LeBoeuf continues, liquidators of the UK arm are assessing paying an interim dividend to unsecured creditors of the City office having finished disbursements to secured and preferential creditors.  Continue reading “Dewey liquidators confirm payout while Cobbetts’ payments are postponed”