Case
Litvak v. U.S.
5 published works
Government Contracts & Investigations Blog
“Nanny” Government Rebuffed in Prosecution of Former Barclays Trader
By Sarah Aberg, Kate Ross
Once again, the Department of Justice’s (DOJ) efforts to hold a trader accountable for misrepresentations made during negotiations met with stiff resistance from the courts. On March 4, 2019, Judge…
SEC Actions
Trading In Opaque Markets: End the Prosecutions; Install the Ethics
Individual responsibility and accountability became a critical issue in the wake of the great financial crisis. From Capitol Hill to the cross-streets of small-town America it frequently seemed that the…
Cleary Enforcement Watch
Two Strikes and You’re Out: The Litvak Saga Comes to an End
By Jennifer Kennedy Park, Nowell D. Bamberger, Alex Janghorbani, Donna Xu
On Monday, following two reversals of convictions, the U.S. Attorney’s Office for the District of Connecticut moved to dismiss the sole securities fraud claim remaining against former Jefferies bond trader,…
Cleary Enforcement Watch
Government Moves to Voluntarily Dismiss Remaining Charge Against Jesse Litvak, Foregoing a Third Trial
By Joon H. Kim, Jennifer Kennedy Park, Nowell D. Bamberger, Alex Janghorbani
The long-running criminal case against Jesse Litvak seems to have come to an end, with the U.S. Attorney’s Office for the District of Connecticut filing a motion yesterday seeking voluntary…
Cleary Enforcement Watch
Second Circuit Again Reverses Fraud Conviction of RMBS Trader Litvak
By Robin M. Bergen, Joon H. Kim, Rishi N. Zutshi, Nowell D. Bamberger, Alex Janghorbani
On May 3, the Second Circuit vacated on evidentiary grounds Jesse Litvak’s conviction – after a second trial – on a single count of securities fraud related to trades of…