Appeals Court Throws Out Case Against Bond Trader
December 08 2015 - 11:10AM
Dow Jones News
A federal appeals court on Tuesday threw out parts of a closely
watched case against a former Jefferies Group LLC bond trader,
saying the government didn't provide enough evidence at trial to
sustain the conviction it won last year.
The U.S. Court of Appeals for the Second Circuit reversed trader
Jesse Litvak's conviction on charges of fraud against the U.S. and
making false statements, saying the evidence prosecutors offered at
trial "provided an insufficient basis for the jury to find that the
defendant's misstatements were material to the government."
The judicial panel also vacated Mr. Litvak's conviction on
securities fraud charges and sent them back for a new trial, saying
that the lower court improperly excluded parts of expert testimony
Mr. Litvak had sought to offer.
Write to Aruna Viswanatha at Aruna.Viswanatha@wsj.com
(END) Dow Jones Newswires
December 08, 2015 10:55 ET (15:55 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Leucadia (NYSE:LUK)
Historical Stock Chart
From Feb 2024 to Mar 2024
Leucadia (NYSE:LUK)
Historical Stock Chart
From Mar 2023 to Mar 2024