Jurors weighing the evidence in testimony in the trial of former Dewey & LeBoeuf executives have told the trial judge that they are deadlocked on most of the counts against Steven Davis, Stephen DiCarmine and Joel Sanders.
The jury has been deliberating for nearly two weeks in a trial that lasted four months.
The New York Times reports that the judge has several options. He can deliver an “Allen charge” to the jury, instructing them to continue trying to get a unanimous verdict. Or the jury could simply deliver the verdict on any counts for which they unanimously agreed. Finally, if the jury is deadlocked without hope of agreement, the judge could be forced to declare a mistrial.
The three men face more than 50 counts each. They face allegations that they defrauded banks and investors by inflating the firm’s financial performance.
New York Times coverage is here.
Wall Street Journal coverage is here.