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In the January issue of LJN's Business Crimes Bulletin, White Collar partner Stanley Twardy Jr. and counsel Doreen Klein look at how the Department of Justice used wiretaps to uncover alleged insider trading at hedge fund Galleon Group, marking "the first time the court-authorized wiretaps have been used to target significant insider trading on Wall Street," according to Preet Bharara, the U.S. Attorney for the Southern District of New York. Twenty defendants have been arrested so far, including Galleon's founder Raj Rajaratnam. Others include lawyers, stock brokers and executives inside the issuers themselves.
Twardy and Klein conclude that the case is likely to portend the increased use of wiretaps in white collar cases despite raising practical issues that could benefit the defense. For one, telephone talk by traders is open to misinterpretation and likely to be contested before the fact finder. Also, the transcripts are discoverable in the parallel civil proceedings, allowing defendants to learn details of the government's case. What is certain is that prosecutors and white collar defense lawyers will be watching the case closely.
On May 26, Washington, D.C. Counsel Steven Cash will be guest speaking at The University of Texas, Intelligence Studies Project "Texas Intelligence Academy."
White Collar attorneys John Vukelj, Sarah Krissoff and Gregory R. Bruno authored an article for the New York Law Journal titled, "Stock Trading Plan Rule Amendments Augur Changes to Securities Fraud Litigation."
New York Litigation Partner Sarah Krissoff was featured on Australia's "A Current Affair" television program discussing the $450 million superyacht, called the Amadea, that was boarded by Fijian Police as part of the U.S. Government's KleptoCapture Task Force.
Day Pitney White Collar and General Criminal Defense Partner Sarah Krissoff was featured in Reuters' Fast Take video titled, "Trump's Consequences for Ignoring N.Y. Subpoena."
Day Pitney White Collar and General Criminal Defense Partner Sarah Krissoff was quoted in the Reuters article, "New York Judge Holds Trump in Contempt for Failing to Comply with Subpoena."
On April 11, Day Pitney White Collar and General Criminal Defense partner Sarah Krissoff was a guest on Court TV, where she provided commentary on the cases of the day.
Day Pitney White Collar Partner Sarah Krissoff was featured in The List's article, "Ghislaine Maxwell's Family Sounds Off About The Court's Latest Ruling In Her Case."
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