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Former Dewey & LeBoeuf CFO Joel Sanders has resurfaced in the same role at Florida law firm Greenspoon Marder.
Sanders, one of the defendants accused of allegedly running a Ponzi scheme at the firm in a lawsuit brought by a former Dewey partner (14 June 2012), has already joined the firm following Dewey’s high-profile collapse earlier this year.
Greenspoon Marder said it valued Sanders’ “background and experience” including his eight years as CFO of legacy LeBoeuf Lamb Greene & MacRae and at post-merger Dewey.
Co-founder and managing shareholder Michael Marder said in a statement: “The firm has experienced substantial growth in the last few years; and, in order to ensure that we are properly positioned for further expansion in the years to come, we conducted an exhaustive search for a top-notch CFO. We believe that Joel Sanders’ background and experience, including a decade with Time Warner, eight years as CFO of LeBoeuf Lamb, a successful 100-year-old law firm, and his work with Dewey & LeBoeuf undoubtedly qualify him to bring his expertise to Greenspoon Marder.
“While Joel has only been with Greenspoon Marder for a short time, he has already made a significant and long-lasting contribution and we are excited about the future.”
Bankruptcy filings showed Sanders was paid $1.1m in bonuses in 2012 in the months leading to the Dewey’s collapse on top of his $900,000 annual salary and twice-monthly regular bonus payments (2 August 2012).