Summary: Dewey’s three top executives are being retrialed.
Things aren’t over for Dewey & LeBoeuf, and the weary among us wonder if they ever will be. Dewey’s collapse is the biggest in law firm history, so you would expect the vultures to ponder over the bones for a long time. So this is what we have: the Manhattan District Attorney’s office on Friday said they will retry its criminal case against the top executives of Dewey & LeBoeuf. Former Dewey chairman Steven Davis may be exempt from this trial, but as for what charges, and the DA’s plan of attack, none of this has been yet revealed.
October ended with a mistrial regarding the 93 counts against the three. They had been accused of lying and stealing form investors and lenders. That the case was reopened many view as inevitable.
“It’s a high profile case,” said white-collar criminal defense partner Ira Sorkin. “The most significant counts remain. The most interesting thing will be to see how the prosecution pares it down and makes a decision whether to use accounting experts,” something the defense accused the DA of excluding.
Not only the three executives, but Dewey junior manager Zachary Warren is on trial, and they hope to hit up the executives before going for the lesser member, who is charged with conspiracy, scheme to defraud, and falsifying business records.