Former Dewey & LeBoeuf Executive Convicted in Split Verdict -<br />By MATTHEW GOLDSTEIN and LIZ MOYERMAY 8, 2017<br />Nearly five years after the collapse of Dewey & LeBoeuf, and roughly 20 months after a mistrial in an earlier criminal case, a jury in Manhattan on Monday convicted one former executive of the once mighty New York law firm on charges<br />that he schemed to hide the firm’s failing finances from financial backers.<br />In his charge to the jury on May 1, Justice Robert M. Stolz told the jurors<br />that Mr. DiCarmine and Mr. Sanders were on trial not for the financial collapse of Dewey but on charges that they sought to conceal the severity of its financial situation.<br />Dewey & LeBoeuf — which was created a decade ago from the merger of two storied law firms, Dewey Ballantine<br />and LeBoeuf, Lamb, Greene & MacRae — once employed more than 1,300 lawyers.<br />A few months after the trial, prosecutors whittled down the case by dismissing dozens of charges<br />and entered into a five-year deferred prosecution agreement with one of the defendants: Steven H. Davis, the firm’s former chairman.<br />In bringing the case, Mr. Vance also announced his office had secured guilty pleas<br />— most of them for misdemeanors — from seven low-level employees at the law firm.<br />Manhattan prosecutors said that Mr. DiCarmine, 60,<br />and Mr. Sanders, 58, were part of a plot to manipulate the firm’s financial records to defraud bank lenders and insurance companies that invested in a bond offering.<br />Joel Sanders, the law firm’s former chief financial officer, was found guilty on all three counts.
