Dewey Bond Deal Cost Insurer Millions, Jurors Hear
Law360, New York (July 23, 2015, 11:28 PM EDT) -- A former executive at The Hartford Financial Services Group Inc. testified Wednesday that the insurer lost millions of dollars investing in a Dewey & LeBoeuf LLP bond offering in 2010, as Manhattan prosecutors sought to bolster their fraud case against the law firm's former leaders.
Prosecutors have accused former Dewey & LeBoeuf of participating in a conspiracy to cook the firm's books, using false accounting adjustments to make it appear as though the firm was meeting loan covenants. (Credit: AP) Prosecutors in the office of Manhattan District Attorney Cyrus Vance elicited testimony about Dewey's ill-fated $150 million bond deal during the...
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