Richards Kibbe & Orbe LLP partner Shari Brandt recently spoke with Law360 and was quoted in the article "White Collar Cases to Watch in 2016." Ms. Brandt discussed the Manhattan District Attorney's decision to retry the Dewey & LeBoeuf case and whether prosecutors can convince a jury that Dewey’s aggressive accounting methods crossed the line into fraud. “Any lawyer who is in a partner role is watching it very carefully to see what the jury makes of the idea that financial information that is being passed around can be relied upon, and whether, at the end of the day, that’s criminal conduct,” she said.
Ms. Brandt also discussed the implications of the December 2014 ruling in the United States v. Newman case which continues to have ripple effects on insider trading cases. Two convictions - former SAC Capital Advisors LP manager Mathew Martoma and former Foundry Networks Inc. executive David Riley - are on appeal to the Second Circuit, while charges against 14 other defendants have been dismissed. Ms. Brandt called the Newman ruling a “sea change” in the law and noted that “this is making it much tougher to bring insider trading cases."
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