Jenner & Block

“Judicial Grant of Acquittal and New Trial in Hedge Fund Case Underscores Challenges of Prosecuting Financial Crimes,” New York Law Journal

In this article, Jenner & Block Partners Katya Jestin and Anne Cortina Perry and Associate Lori B. Day highlight a pair of unusual post-trial rulings by Judge Brian M. Cogan.  They analyze the case, United States v. Nordlicht, in which two former executives were convicted of crimes including securities fraud and conspiracy to commit wire fraud.  But Judge Cogan then overturned those verdicts, granting one executive an acquittal and the other a new trial.  “Evidence of criminal intent can be hard to come by,” the authors observe.  The case “illustrates the challenges facing white-collar prosecutors seeking convictions for complex schemes.”