Greenberg Yanked Lifeline As Dewey Foundered, Jurors Hear

Law360, New York (June 29, 2015, 6:53 PM EDT) -- A former Dewey & LeBoeuf LLP partner, testifying Monday in the accounting fraud trial of three former colleagues, recounted how Greenberg Traurig LLP ceased merger talks in April 2012 after Law360 reported news of a looming criminal investigation.

Three former Dewey & LeBoeuf executives stand accused of helping the firm raise $150 million from bond investors and another $100 million from bank lenders while lying about the firm's ability to meet key financial benchmarks. (Credit: Getty) Richard Shutran, now a partner at O'Melveny & Myers LLP, told jurors that Dewey's negotiations with Greenberg and other potential suitors collapsed within days of...

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