Former Dewey & LeBoeuf LLP billing and accounting managers were among seven ex-employees who agreed to plead guilty and cooperate in the probe of a $200 million fraud that spurred the largest law firm bankruptcy in history.
Former Dewey & LeBoeuf LLP finance director Frank Canellas cooperated with a probe by Manhattan District Attorney Cyrus R. Vance Jr. into a “blatant” $200 million fraud that spurred the largest law firm bankruptcy in history, according to a plea agreement unsealed today.
A criminal case against three former Dewey & LeBoeuf LLP executives should be mostly unsealed, Manhattan District Attorney Cyrus R. Vance Jr. said, a move that may reveal the identities of seven employees who have already pleaded guilty.
Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a “blatant” $200 million fraud that spurred the largest law firm bankruptcy in history.
Dewey & LeBoeuf LLP, the law firm that advised Los Angeles Dodgers LLC on restructuring, filed for bankruptcy after its chairman was ousted and almost all partners quit as creditors began suing for unpaid bills.
Debevoise & Plimpton LLP advised Verizon Communications Inc., which said it will buy Hughes Telematics Inc. for $612 million in cash, vaulting the telephone company deeper into the automotive-technology market.
Clifford Chance LLP advised Royal Dutch Shell Plc, the world’s largest supplier of liquefied natural gas, on its agreement to buy LNG assets from Repsol SA for $4.4 billion in cash to expand in Latin America and Spain. Linklaters LLP, with a team led by Madrid corporate partners Alejandro Ortiz and Lara Hemzaoui and London projects partner Matthew Hagopian, advised energy company Repsol.