Dewey Trustee Hits Firm's Ex-Director, CFO With $37M Suit

Law360, New York (November 27, 2013, 7:09 PM EST) -- The liquidating trustee for Dewey & LeBoeuf LLP on Wednesday slammed two of the defunct firm’s former top executives with a lawsuit seeking a combined $37.2 million in judgments based on allegations that they received outlandish payments while the firm was insolvent.

Trustee Alan M. Jacobs says former Executive Director Stephen DiCarmine and former Chief Financial Officer Joel Sanders improperly received millions from the firm through salary and bonus payments before the firm entered bankruptcy that ought to be returned to the estate. He is also...
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