Insurer Sues Dewey Execs Over Losses On $35M Notes

Law360, New York (December 14, 2012, 10:25 PM EST) -- Aviva Life and Annuity Co. on Friday accused three former Dewey & LeBoeuf LLP executives of lying about the true state of the firm’s finances when it issued $35 million in senior secured notes in April 2010, which resulted in substantial losses for the insurer.

In a lawsuit against former Dewey Chairman Steven Davis, Executive Director Stephen DiCarmine and Chief Financial Officer Joel Sanders, Aviva and Aviva Life and Annuity Co. of New York claim they suffered significant damages as a result of their purchase of...
To view the full article, register now.