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Ex-chief legal officer of law firm LeClairRyan gets 44 months in prison

  • Bruce Matson faces prison time after mendacity to federal investigators
  • Matson was a longtime chapter legal professional who had labored at LeClairRyan

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(Reuters) – Bruce Matson, the previous chief legal officer at now-defunct law firm LeClairRyan, has been sentenced to 44 months in prison after pleading responsible in July to obstructing a federal probe, the Justice Department stated Monday.

U.S. District Judge John Gibney of the Eastern District of Virginia in Richmond additionally ordered Matson, 64, to pay a $10,000 superb, based on the DOJ.

Matson was accused of mendacity to a DOJ watchdog that was probing his alleged misappropriation of funds from title insurer LandAmerica Financial Group’s chapter.

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Prosecutors had requested 46 months in prison and a $250,000 superb, whereas Matson’s attorneys requested a 37-month sentence.

Richard Cullen and Brandon Santos, McGuireWoods attorneys representing Matson, didn’t instantly return requests for remark. The Justice Department declined to remark.

LandAmerica, one of the biggest title insurance coverage teams in the U.S., filed for chapter in the Eastern District of Virginia in 2008.

Matson, was assigned the position of liquidation trustee for the corporate’s remaining property whereas at LeClairRyan. He was discovered to have embezzled roughly $800,000 from the belief between 2015 and 2018, and misappropriated a complete of $4 million, based on court docket papers.

According to prosecutors, in 2019 Matson lied to the U.S. Trustee probing the depleted belief funds, telling them he moved the funds as a result of of excessive financial institution charges and tax identification points. Matson agreed to disbarment in November 2020.

On Friday, Matson submitted 51 letters of assist from household, associates and colleagues to Gibney. His legal professionals in their argument for a shorter sentence stated Matson skilled a (*44*) and had been a revered chapter legal professional for greater than three a long time.

Matson’s former firm, Richmond-headquartered LeClairRyan filed for Chapter 11 safety in September 2019, after reducing revenues and a spate of companion departures.

The case is United States v. Matson, U.S. District Court for the Eastern District of Virginia, No. 21-cr-00079.

For the United States: Assistant U.S. Attorney Thomas Garnett and former Assistant U.S. Attorneys Katherine Martin and Kevin Elliker

For Matson: Brandon Santos and Richard Cullen of McGuireWoods; and Danny Onorato of Schertler Onorato Mead & Sears

Read More:

Ex-LeClairRyan CLO seeks shorter sentence in obstruction case

Ex-LeClairRyan CLO pleads responsible to obstruction of chapter embezzlement probe

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Reporting by Chinekwu Osakwe
Chinekwu Osakwe

Chinekwu Osakwe covers legal trade news with a deal with midsize law corporations. Reach her at Chinekwu.osakwe@thomsonreuters.com.

REUTERS/Kim Hong-Ji

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