Dewey Criminal Probe Gains Steam But Hurdles Remain

Law360, New York (October 9, 2012, 7:07 PM EDT) -- As Manhattan prosecutors reportedly deepen a criminal probe of Dewey & LeBoeuf LLP's former leaders over the firm's collapse, they face a familiar stumbling block, attorneys say: building a case from a hodgepodge of evidence that may lack a smoking gun.

The New York district attorney is investigating whether former Dewey Chairman Steven H. Davis and other leaders made intentionally false statements about Dewey's financial health to bank lenders in an effort to extend a $100 million line of credit before it expired, the Wall Street...
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