Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInBail
Court Rejects DiPascali’s Renewed Bid for Bail in Madoff Case
Judge will reconsider bail if prosecutors detail “quality” of cooperation.
DiPascali, Prosecutors Again Ask Court to Approve Bail
New proposal includes a $10 million bond, co-signed by nine people.
Fifth Circuit Ruling Keeps Stanford in Prison Pending Trial
On Monday, the Fifth Circuit Court of Appeals ruled that Allen Stanford will remain in jail until his trial. The appellate court found that Senior U.S. District Judge David Hittner did not abuse his discretion when he refused to let Stanford go free on bail. As previously discussed here, on June 30, 2009, Judge Hittner [...]
Stanford Appeals Bond Ruling, Also Seeks Different Detention Center
Yesterday, Allen Stanford filed an appeal of a judge’s order that he must remain in jail pending his trial on conspiracy and fraud charges. The court ruled that Stanford was a flight risk. In addition, the Houston Business Journal reports, Stanford filed a separate motion requesting that he be transferred from the Joe Corley Dentention [...]
Court Denies Bail to Allen Stanford
This afternoon, U.S. District Judge David Hittner revoked bond for Allen Stanford, granting a request by prosecutors to overturn a magistrate judge’s opinion last week to allow Stanford to go free on $500,000 bond pending his trial. As previously discussed here, U.S. prosecutors argued that Stanford is a serious flight risk, and that international ties [...]
Prosecutors Appeal Grant of Bail to Stanford, Call Him “Flight Risk”
Although a magistrate judge granted Allen Stanford’s bail request last week, U.S. prosecutors view him as a serious flight risk and will ask a federal judge today to revoke the $500,000 bail. CNBC reports that last week, U.S. Magistrate Judge Frances Stacy said that Stanford may go free on bail provided he comes up with [...]
UK: Lawyers Charged by FSA with Insider Trading Granted Bail
In the UK, the first hearing in the FSA’s high-profile insider trading case against two lawyers from US-based law firms accused of insider trading took place this morning. As previously discussed here, Former Dorsey & Whitney corporate partner Andrew Rimmington, former McDermott Will & Emery partner Michael McFall, and the former financial director of Neutec [...]
Accused Former Credit Suisse Broker Turns Fugitive, Costing Two Friends Their Homes Posted as Bail
If you can’t trust a “crooked Wall Streeter … accused of placing investors’ money in risky mortgage securities without their permission” who can you trust? Julian Tzolov, a former Credit Suisse broker who has been charged criminally for defrauding his clients and has been on house arrest, failed to return to his Fifth Avenue condominium [...]
Dreier Pleads Guilty, Remains Under (Pent)house Arrest Pending Sentencing
In federal court in Manhattan yesterday, attorney Marc Dreier pleaded guilty to charges that he carried out an outrageous fraud scheme that defrauded hedge funds and other investors out of at least $400 million. The NYT reports that according to prosecutors, Dreier, a graduate of Yale University and Harvard Law School, sold $700 million worth [...]
Tenth Circuit Denies Nacchio’s Request to Remain Free on Bail, Orders Him to Report to Prison Today
The U.S. Court of Appeals for the Tenth Circuit ruled yesterday that Joseph Nacchio, the former CEO of Qwest Communications International Inc., must report to prison today to begin serving a six-year sentence for insider trading. Bloomberg reports that the Tenth Circuit rejected Nacchio’s request to remain free on bail while seeking a review of [...]