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Mistrial Declared in Dewey & LeBoeuf Criminal Trial

A mistrial was declared today in the trial of former executives at a leading white shoe law firm that melted down amid financial irregularities and partner defections, Reuters' Brendan Pierson reports. The New York Supreme Court jury said it was hopelessly deadlocked on charges against former Dewey & LeBoeuf Chairman Steven Davis, Executive Director Stephen DiCarmine and Chief Financial Officer Joel Sanders, "including grand larceny, scheme to defraud and violating New York's securities law, the Martin Act."

The jury deliberations--at 22 days--are believed to be the longest in the state's history.