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Posted May 08, 2017 03:43 pm CDT
Jurors in Manhattan on Monday found former Dewey & LeBoeuf chief financial officer Joel Sanders guilty in an alleged scheme to mislead lenders and bond buyers about the firm’s finances before its collapse.
Delivering a split verdict, jurors acquitted Dewey’s former executive director, Stephen DiCarmine, who had faced the same three charges.
Neither defendant testified in the trial, which included testimony from more than 30 witnesses. Jurors deliberated for five full days and part of a sixth day.
It was the second trial for Sanders and DiCarmine. Jurors deadlocked on many of the charges in the first trial after deliberating for 22 days. The initial indictment had outlined more than 100 charges; there were only three charges each against Sanders and DiCarmine in the retrial.
Former law firm chairman Steven Davis avoided retrial after reaching a deferred prosecution agreement.
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