Dewey Partners Say Firm Cheated Them Out Of Capital
Law360, New York (June 3, 2015, 7:16 PM EDT) -- Two more former partners of Dewey & LeBoeuf LLP took the stand Wednesday in the trial of the law firm's former top executives on fraud and larceny charges stemming from purported accounting irregularities before Dewey collapsed, telling jurors they were bilked out of capital contributions they made to the firm.
As the trial stretched into its sixth day, prosecutors sought to drive home claims that former Dewey executives schemed to defraud departing partners out of their capital stakes in the firm, and had income improperly reclassified as repayment of that capital, in violation of its partnership agreements.
Prosecutors questioned former Dewey...
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