The U.S. Securities and Exchange Commission is in discussions to settle its civil case against Dewey & LeBoeuf executive Joel Sanders, who was convicted in May of scheming to defraud investors in his former firm, court documents show.
The SEC wrote to Southern District Judge Valerie Caproni on Tuesday, indicating the possible deal with Sanders. SEC attorney Howard Fischer’s letter said a “negotiated resolution” would avoid the expense of litigation, and Sanders believes “the prospects of reaching any early resolution are greater than the threat of re-initiating litigation.”
