Law360: (headline:(acquitted) OR summary:(acquitted) )

A New York judge on Friday threw out charges of grand larceny against two former top executives of Dewey & LeBoeuf LLP, but declined to nix fraud and conspiracy counts, setting the stage for a slimmed-down second trial over allegations they defrauded the law firm’s financial backers prior to its collapse. Law360: acquitted

The acquittal Wednesday of five brokers accused of plotting with a former bank trader convicted of manipulating Libor is a setback for the U.K.’s Serious Fraud Office, but the watchdog is unlikely to abandon its aggressive prosecution strategy for rate-rigging schemes. Law360: acquitted

The remaining top executives of Dewey & LeBoeuf LLP still facing charges over a purported scheme to defraud the BigLaw firm’s lenders and investors before it collapsed on Friday launched renewed bids to end the case, taking aim at cooperators’ testimony and saying the government has failed to prove any intent to commit a crime Law360: acquitted