Dewey defendants are acquitted on additional counts; deliberations resume
Jurors considering the fate of three former leaders of Dewey & LeBoeuf acquitted the defendants on a handful of additional counts on Tuesday before being ordered by a judge to continue deliberations.
Jurors in Manhattan acquitted former Dewey chairman Steven Davis and former executive director Stephen DiCarmine on four counts of falsifying business records, report the Am Law Daily (sub. req.) and the New York Times. Jurors acquitted former Dewey chief financial officer Joel Sanders on one count of falsifying business records.
Jurors told Judge Robert Stolz on Tuesday that they remain deadlocked on a majority of the charges, but the judge urged them to continue deliberations. About 90 charges remain, including charges of grand larceny, conspiracy and securities fraud.
It was the second partial verdict in the trial of the defendants, who are accused of misleading lenders and bond buyers about the firm’s finances before its collapse. On Oct 7, jurors acquitted Davis on 19 business record counts, DiCarmine on 17 business record counts, and Sanders on 13 business record counts.
Jurors have been deliberating for 17 days, according to the New York Law Journal.
