The two ex-Dewey & LeBoeuf LLP executives facing charges left over from last year’s jury trial each defeated 15 more felony counts Friday, further diminishing the once-massive criminal fraud conspiracy case in the run-up to a much narrower trial — if there will be one at all. Law360: acquitted
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Dewey Star Witness Reaches Partial Deal With SEC
The U.S. Securities and Exchange Commission has reached a partial settlement with former Dewey & LeBoeuf LLP Finance Director Frank Canellas that resolves liability for securities fraud claims related to the firm’s collapse but leaves open the question of penalties, the SEC said Wednesday. Law360: acquitted
Read More »Jury Convicts Ill. Developer Who Hid Company’s Failure
A major Chicago real estate developer is guilty of misleading the city and two banks about his company’s financial health in order to keep money flowing in and stave off foreclosure on some of his properties, a jury found Wednesday following a two-week trial in Illinois federal court. Law360: acquitted
Read More »Bernstein Litowitz Can’t Keep Ex-Atty’s Suit Under Seal
The Second Circuit ruled Wednesday that Bernstein Litowitz Berger & Grossmann LLP can’t keep under wraps a suit accusing it of forcing an attorney to resign after he questioned its allegedly unethical conduct in a securities class action against an information technology company. Law360: acquitted
Read More »Ex-Dewey Exec Slams DA For ‘Gratuitous’ Press Statement
Former Dewey & LeBoeuf LLP Chief Financial Officer Joel Sanders, who faces retrial in September on accounting fraud charges, criticized the Manhattan District Attorney’s office on Monday for referring to him by name in a “gratuitous” recent statement announcing a deferred prosecution deal with a former underling. Law360: acquitted
Read More »Ex-Fineburg McCarthy Atty Sues Over Wrongful Criminal Case
An ex-partner with the now-defunct Fineburg McCarthy PC law firm filed a Pennsylvania state court suit Friday against accountants and companies he says wrongfully ensnared him in a criminal case — in which he was ultimately acquitted — over the mafia-led plundering of a mortgage lender. Law360: acquitted
Read More »Feds Slam Ex-Bryan Cave Atty’s Bid For New Wire Fraud Trial
The federal government told a New York federal court Thursday that former Bryan Cave LLP attorney Harvey Newkirk doesn’t deserve a retrial or reversal of his wire fraud conviction in connection with a failed bid to acquire Maxim magazine, saying “overwhelming evidence” proves he actively participated in the scheme. Law360: acquitted
Read More »5th Circ. Upholds Ex-La. Mayor’s 20-Year Bribery Sentence
The Fifth Circuit refused Thursday to disturb a 20-year prison sentence a lower court handed to the ex-mayor of a Louisiana city for allegedly taking bribes in exchange for government contracts, after the appeals court had vacated an earlier sentence. Law360: acquitted
Read More »ESMA Opens Consultation To Clean Up Benchmarks Regulaton
The European Securities and Markets Authority said Monday it is seeking input on technical implementation of a regulation to improve the reliability of benchmarks — tools used to price mortgages, loans and bonds — which have been the subject of rigging scandals in recent years, leading to billions of dollars in fines. Law360: acquitted
Read More »Shkreli, Kaye Scholer Atty Say SEC Case Can’t Wait
Ex-CEO Martin Shkreli and the Kaye Scholer LLP partner accused of committing securities fraud with him fought back Thursday against prosecutors’ bid to halt the U.S. Securities and Exchange Commission suit against them, saying the suit can’t wait for their criminal case. Law360: acquitted
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