Richard Walden, a managing director in the private bank capital advisory group at JPMorgan Chase, told a jury in the criminal trial of three former Dewey & LeBoeuf executives that the firm had assured the financial services giant that it was meeting agreements allowing it to borrow millions of dollars in the years prior to its collapse.
Dewey & LeBoeuf filed for bankruptcy in May 2012, and now three of its former leaders—chairman Steven Davis, CFO Joel Sanders and executive director Stephen DiCarmine—face charges of conspiring to commit fraud.
