Former Dewey Leaders Face Lawsuit Over 2010 Bond Offering

, The Am Law Daily


In the latest legal action launched against them, former Dewey & LeBoeuf chairman Steven Davis, former executive director Stephen DiCarmine, and former chief financial officer Joel Sanders are accused of violating state and federal securities laws.

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What's being said

  • RD Legal Funding

    The plaintiffs are going after these decision makers because they were the point people in this bond offering. Given their status as the top financial guys at the firm, they had to know the status of the firm's finances before they suggested a bond offering. It is going to be a hard case to prove, but it is definitely not frivolous. Whenever there are financial issues the lawsuits are always going to fall on the individuals deemed responsible.

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