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Dewey jury remains stuck over most counts against executives

October 13, 2015

A jury considering fraud charges against three former executives at Dewey & LeBoeuf LLP remains deadlocked on most counts in its 18th day of deliberations.

The jury last week acquitted former chairman Steven Davis, former executive director Stephen DiCarmine and former chief financial officer Joel Sanders of charges they falsified business records. It failed to reach a verdict on more serious counts of fraud, larceny and conspiracy.

Manhattan District Attorney Cyrus Vance Jr. accused the three men of cutting costs by mischaracterizing payments to lawyers, double-booking income, delaying expenses and asking clients to backdate checks. They face as long as 25 years in prison if convicted of the most serious charge of grand larceny, while the other felony counts carry sentences of no more than four years.

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