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Dewey & LeBoeuf Officials Indicted for Cooking the Books

Below the Bar
Written by  PLP News

New York prosecutors last week charged four former head honchos at the now bankrupt law firm Dewey & LeBoeuf with manipulating the firm’s books to keep it afloat during the financial crisis. So reports The New York Times’ Dealbook.

Emails allegedly reveal that from late-2008 to early-2012 the indicted men directed employees to hide the firm’s true financial condition from creditors, investors, auditors and even Dewey partners once it became apparent that the firm could not meet certain cash-flow projections required to maintain bank loans.

Read the full article from Dealbook.

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