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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.
Judge Christopher Droney presented a webinar, "Perspectives on Practicing in the Age of COVID-19" for the Holy Cross Lawyers Association (HCLA).
Stan Twardy was quoted in the Law360 article, "Barr's Special Counsel Pick Known For Not Caving To Politics."
Judge Christopher Droney (ret.) appeared on the WFSB 3 News program "Face the State" on Sunday, October 24, to discuss the U.S. Supreme Court nomination process and the hearing before the Senate Judiciary Committee on Judge Amy Coney Barrett.
Stan Twardy was quoted in the New York Times article, "Top Aid in Review of Russia Inquiry Resigns From Justice Dept."
Stan Twardy was quoted in CT Post article, "Arrests of Perez, Dunn raise concern that FBI probe is just the beginning."
In an interview by NEWSY, Steven Cash discussed reports concerning intelligence indicating Russia had paid bounty payments to the Taliban for killings of U.S. troops, and the response by the Administration.