Ex-Dewey LeBoeuf Execs to Be Tried on Basis of Emails



The Wall Street Journal reported that when opening arguments kick off in a criminal trial over the collapse of law firm Dewey & LeBoeuf, emails will play a starring role.

The Wall Street Journal noted that prosecutors will try to prove that three of Dewey’s former leaders intentionally misled banks and others in an ultimately futile effort to keep the firm afloat.

The Wall Street Journal said that prosecutors allege the three defendants, ex-chairman Steven Davis, former executive director Stephen DiCarmine and ex-chief financial officer Joel Sanders, intentionally inflated revenue and used other accounting tricks to stay in compliance with covenants on $100 million in term debt and revolving credit lines of more than $130 million from four banks.

To view the full Wall Street Journal report, click here.

Previously on monitordaily: Dewey & LeBoeuf Chairman, Managers Indicted for Fraud

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