Dewey LeBoeuf Dewey LeBoeuf might not be the worst of the bankruptcy bunch. Arguably, there are other BigLaw firms getting rich whilst frolicking upon the playing fields of our corrupt bankruptcy legal-industrial complex whose immorality, illegality, or bone headed flagrancy exceeds these days of Dewey's Distressful Dookie. Even thus speaking as the Devil's advocate, no person can deny that Dewey LeBoeuf today is quite the assembly of bankruptcy lawyers, indeed. DocumentsDate added"If you like your settlement, you can keep your settlement"“ADEQUATE INFORMATION” WITHIN THE MEANING OF SECTION 1125(a) OF THE BANKRUPTCY CODE. Quite the phrase, indeed. We love to cut and paste:
Crack is really Wack!
Yo Dawg: Once you in the family, you can't go it alone. That is to say, you had your chance to cut a deal and you failed to grab it. Law pawns around the U.S. Take Note! Whatever was the fire lit beneath Vance's Snow White Ass, the simple fact is that lawyers engaged in organized crime are now in play too. Download Dewey_LeBoeuf__Warren_Peoples-Opposition-to-Severance-Motion.pdf Hey Gang, Do we feel a new page coming on? Yeah, Baby! As Dewey LeBoeuf seems to be revealing itself as having operated as a criminal enterprise, the moiety forming the cover up will likely be first to splash the Zeitgeist. How ironic that a law firm would take part in developing a private placement memorandum which willfully and knowingly hid extremely important "guarantee" details. We believe it is called "Fraud". We also think that it will be very, very difficult for the underwriters to escape RICO consequences, unless they run to a DA and cut a deal. Assuming al arguendo that a prosecutor tees up Dewey LeBoeuf, let's put ourselves in her shoes for a moment. First, she may be a little upset at having had her precious little derriere backed down into a corner. Right? I mean what prosecutor would break the first rule from the Planet Of The Apes and actually bring charges against another ape? Well take a step back. Which of you believed any of the predictions of BankruptcyMisconduct concerning Dewey LeBoeuf, like our prescient point about brother attorneys in the firm ratting out their own former management? OK, you should be ready to have an open mind now. And thus, J.P. Morgan is in play. What will J.P.Morgan claim? "We asked them if there were any problems or hidden stuff under the rug and they said there is was none", or something like that. It doesn't really matter, because at least one party was a crook, and perhaps they both conspired. The funny thing is that these lawyers just don't get it. They are soooo used to lying under oath in their affidavits of disinterestedness, and getting away with when caught, that they just couldn't conceive of getting jail time for lying in a private placement memorandum. Come download Dewey_LeBoeuf_Private_Placement_Memorandum.pdf for free! Sure, the regular for profit media reported on the downfall of Dewey LeBoeuf. After it clearly started and once they could no longer deny it. Quod Erat Demonstrandum Download Dewey_LeBoeuf_SEC_complaint-pr2014-45.pdf for free from BankruptcyMisconduct Steven H. Davis, Chairman of Dewey & LeBoeuf LLP just announced in March of 2012 a "reduction" of 5% of lawyers and 6% of support staff. But we'd be remiss if we failed to quote this little tidbit: Hmmmm... How about that. The top dog could have just announced the "right sizing" - but no. Mr. Davis willfully chose to bestow credibility upon an unnamed collection of internet sites dealing with the legal industry. BankruptcyMisconduct is neither insulted nor unsurprised. Shan't we revel in life's simple pleasures? And interestingly, the press release also reveals: Some recent partner departures have been consistent with the firm’s strategic planning for 2012, and we expect some additional partners to leave. How do partner defections fit into "strategic planning"? That could make sense if they really meant to say "terminations" instead of "departures". Remember that whenever a firm operates in the zone of insolvency - the corporate doublespeak can flare up to aid the hope for plausible deniability, and such might be the case here. But the point which really tweaks our bullshit meter is that they expect more partners to leave. Really? Why don't you just tell us who, or at least how many and when? Do you expect any more rainmakers or department heads to leave? Well, Dewey & LeBoeuf are a private company so they need not tell us the truth. And we've got a feeling that their remaining employees, and the non-terminated partners 'expected' to abandon ship, don't expect it either.Download the file Dewey_LeBoeuf-legal-blogs-rumors-confronted.pdf for free from BankruptcyMisconduct.com Lawsuit filed in March of 2011 seeking Class Action status based upon allegations of willful and repeated violations of the Fair Labor Standards Act including failure to pay overtime. Dumay vs. Robert Half International, Dewey & LeBoeuf LLP, and John Does #1-10 case number 11CIV2207 before Judge Alvin K. Hellerstein. BankruptcyMisconduct has been unable to confirm the status of the lawsuit, if class action status was obtained, or whether John Doe #9 was equivalent to or affiliated with #9 f/d/b/a Eliot Spitzer. (Sorry for that, but please keep your helpful hints coming.) No matter what the current status, we think the allegations and factual circumstances described in the lawsuit are certainly germane to the Dewey & LeBoeuf discussion. You can download this lawsuit Dewey_LeBoeuf_v_Dumay-Labor_Violations_Class_Action_Complaint.pdf for free at BankruptcyMisconduct.com BankruptcyMisconduct is not 100% sure how candid The Gang Of Four and the Chairman intended to be on this memo. According to the Wall Street Journal, the following memo was sent to all employees at Dewey LeBoeuf. We wonder if the phrase "nothing definitive" was intended to include things like "future paychecks", whether the office doors will be padlocked in a few days, and whether the firm intends to go lawsuit crazy on its own former partners. TO: Global Personnel
We note for the record that Marty is being formal. Dewey_LeBoeuf_NothingIsDefinitive.pdf
How low can you get? One of the lawyers at Dewey & LeBoeuf actually was stupid enough to get caught in securities fraud by insider trading with client secrets. Sure, securities fraud is bad enough of a crime. Violating the sanctity of the client relationship by using client secrets for profit is "officially" one of the worst things a lawyer can do. (outside of complaining about client overbilling, sorry couldn't resist)
D&L is making themselves pretty famous here on the pages of BankruptcyMisconduct and their future is so bright, we've got to wear nose plugs. If Dewey LeBoeuf intentionally wants to take on partners with at best questionable ethics track record, maybe this activity wasn't such an aberration?
Thank you readers of BankruptcyMisconduct for your warm wishes, we apologize for our time away. Here is a treat for you, our way of saying thanks.
This document Dewey_LeBoeuf_Bunsow_Complaint.pdf is the actual lawsuit by the well known litigator Henry Bunsow against specifically named former managing partners of the bankrupt law firm Dewey LeBoeuf. The Defendants include Steven H. Davis, Jeffrey L. Kessler, Joel I. Sanders, Stephen DiCarmine, James R. Woods, and up to 200 unnamed persons. From our reading, the clear allegations of fraud and such crime is enough to trigger all sorts of criminal and ethical referrals. Wethinks there will be many third parties for BankruptcyMisconduct to track as to their own obligations under the ABA model code rule Maintaining The Integrity Of The Profession Rule 8.3 Reporting Professional Misconduct. How will all of the lawyers witnessing this airing of embarrassing laundry explain their own failures to report the misconduct? Oh, did we just telegraph something? |
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