Securities Fraud Conviction Upheld After Panel Finds Evidence Nonprejudicial

Mealey's (February 10, 2021, 1:56 PM EST) -- NEW YORK — A federal district court did not commit prejudicial error in allowing government prosecutors to reopen their case and present evidence following defense summation in a criminal trial that related to the prior convictions of two of the defendants for their roles in another securities fraud scheme because defense counsel “open[ed] the door” to the evidence, a Second Circuit U.S. Court of Appeals panel ruled Feb. 9 in affirming in part and vacating in part....