Second Circuit Decision in Conn. Case to Impact Future Securities Fraud Prosecutions

Staley A. Twardy was quoted in an article, “Second Circuit Decision in Conn. Case to Impact Future Securities Fraud Prosecutions,” in the Connecticut Law Tribune. Twardy was quoted about the significance of a Second Circuit ruling that could make securities fraud cases more difficult to prosecute. The federal appeals court ordered a new trial for Jesse Litvak, a Connecticut-based securities trader sentenced to two years in prison for allegedly lying to potential investors about mortgage bond prices.