New York state prosecutors confirmed at a court hearing on Monday that Steven Davis, the former chairman of now-defunct Dewey & LeBoeuf, will not be retried following a mistrial on criminal charges that he duped lenders and investors in the firm. Prosecutors also offered plea agreements to Davis’ co-defendants and dismissed some charges against them.
Under a proposed deferred prosecution agreement, Davis would not have to plead guilty to any crimes and would not be barred from practicing law. The agreement would be linked to a potential settlement with the U.S. Securities and Exchange Commission, which has filed related civil claims against Davis.
