The implosion of New York law firm Dewey & LeBoeuf LLP was not a result of intentional wrongdoing by firm management, say lawyers for three former Dewey executives seeking to dismiss criminal charges against their clients. In court filings, lawyers for former Dewey chairman Steven Davis, former chief financial officer Joel Sanders and former executive director Stephen DiCarmine said their clients lacked both the financial know-how and the intent to perpetrate the alleged accounting fraud that led to their indictment. The
papers, filed on Friday in state supreme court in Manhattan, provide the first glimpse of a potential defense strategy for the three leaders, who Manhattan prosecutors say cooked the firm’s books in a scheme to conceal its deteriorating financial condition.
Source: http://blogs.wsj.com/law/2014/07/15/dewey-leaders-seek-dismissal-of-criminal-charges/?mod=WSJBlog
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