As part of the investigation into alleged criminal conduct that led to Dewey & LeBoeuf's bankruptcy, the law firm's former finance director quietly pleaded guilty to grand larceny in the second degree last month, according to documents unsealed yesterday, the New York Law Journal reported today. Francis Canellas is one of the seven former Dewey employees whose cases were sealed when criminal charges were announced by the Manhattan District Attorney's Office in early March against Dewey firm leaders. Canellas's plea and cooperation agreement were released except for two redacted paragraphs. In an exhibit attached to his Feb. 13 plea agreement, Canellas discussed how he worked with firm leaders, including former chairman Steven Davis, former executive director Stephen DiCarmine, former CFO Joel Sanders, former controller Thomas Mullikin and other insiders to make misleading statements to banks, investors or others.
