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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInJPMorgan Gold Trader’s Spoofing Wasn’t Illegal, Lawyer Says
Former JPMorgan Chase & Co. gold and silver trader Christopher Jordan used a technique known as “spoofing” to gain an edge against high-speed computer algorithms because at the time, there were no rules against it, his lawyer told a federal court jury in Chicago. “Chris traded according to the rules as he understood them, and […]
Former CEO Of Iconix Brand Group Convicted At Trial Of Accounting Fraud | DOJ
Damian Williams, the United States Attorney for the Southern District of New York, announced earlier today that a federal jury found NEIL COLE, the former Chief Executive Officer of Iconix Brand Group, Inc. (“Iconix”), guilty of participating in a scheme to fraudulently inflate Iconix’s revenue and earnings per share, making false filings with the U.S. […]
Statement on Decision in Jury Trial of Bradley C. Davis
After a six day trial, a jury in the Central District of California found Bradley C. Davis, a former Vice President of Nordson Corporation, liable for insider trading in Nordson stock and options contracts. Source: SEC.gov | Statement on Decision in Jury Trial of Bradley C. Davis
The Elizabeth Holmes Trial: Founder Recounts ‘Big Idea’ That Led to Creation of Theranos – WSJ
Elizabeth Holmes took jurors into the Theranos Inc. lab Monday during testimony at her criminal-fraud trial, describing ways the startup sought to reduce errors in lab testing and miniaturize traditionally bulky blood-testing machines. “We thought this was a really big idea,” Ms. Holmes said of Theranos’s attempts to remove human error from steps involved in […]
Elizabeth Holmes trial hit by new concern: losing too many jurors
When the trial started on September 8, 12 jurors and five alternates took in opening arguments and braced themselves for a trial that is expected to go until at least December. But the group entrusted with deciding the fate of Holmes — who faces a dozen federal fraud charges over allegations that she knowingly misled […]
Elizabeth Holmes Transforming From CEO to Victim for Jurors
Jurors have not been told yet about the details of the defense Holmes’s lawyers will likely present that she was subject to a “decade-long campaign” of abuse by her former boyfriend and onetime president of Theranos, Ramesh “Sunny” Balwani. Balwani has denied any abuse. Still, jurors who will decide her case are “being exposed to […]
Elizabeth Holmes’ lawyers cite negative coverage in request to expand jury selection
A 21-page motion filed late Thursday spelled out example after example of highly descriptive and unflattering stories in the past several years about Holmes. “The publicity is pervasively negative,” lawyers for Holmes said. Adding she is, “routinely referred to in derisive and inflammatory terms that are directly relevant to the wire fraud charges in this […]
California’s Covid surge forces trial delay of Theranos Elizabeth Holmes
A surge in coronavirus cases in California has led to a four-month delay in the criminal trial of Elizabeth Holmes, the former CEO and founder of embattled health tech company, Theranos. In a late Friday night order, U.S. District Judge Edward Davila set a new trial date of July 13, 2021 for the case. Source: […]
Elizabeth Holmes Theranos trial to be held in person with masks, social distancing
In what is expected to be one of the most high profile trials in years, Elizabeth Holmes will face jurors wearing clear face masks in a socially distanced courtroom, a judge said Wednesday. The trial, to begin March 9, 2021 at a San Jose federal courthouse is expected to play out over two to four […]
SEC Wins Jury Trial Against Massachusetts Man Charged in Multi-Year Insider Trading Scheme
Yesterday evening, jurors in Boston federal court returned a verdict finding that Lexington, Massachusetts restauranteur Charlie Chen engaged in illegal insider trading in advance of five earnings announcements of Lexington-based company Vistaprint, N.V. The SEC’s evidence at trial showed that Chen, who was close friends with a Vistaprint insider and her husband, received highly confidential […]