The U.S. Securities and Exchange Commission said it is poised to settle an eight-year-old civil case against the former chief financial officer of defunct international law firm Dewey & LeBoeuf, marking a possible end to the legal fallout of the firm’s collapse for its ex-leaders.
In a Friday letter to U.S. District Judge Valerie Caproni in Manhattan, the SEC said it is considering a settlement proposal from Joel Sanders, who was convicted in 2017 of defrauding the firm’s investors. The terms of the settlement were not disclosed.
Source: SEC deal could end ex-Dewey & LeBoeuf CFO’s long-running legal trouble | Reuters
