Dewey executives face lawsuit over $35 million bond purchase

Aviva Life and Annuity Company says the firm misrepresented its financial condition to attract institutional investors

Three former executives at Dewey & LeBoeuf are facing yet another lawsuit, this one courtesy of a life insurer that bought $35 million in bond notes from the now-defunct firm.

Aviva Life and Annuity Company accuses the firm’s former chairman Steven Davis, former executive director Stephen DiCarmine and former chief financial officer Joel Sanders of hiding the firm’s financial woes from investors, employees and the public in the years before Dewey’s collapse.

Alanna Byrne

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