Denying Rehearing, 2nd Circuit Lets Securities Fraud Conviction Reinstatements Stand

Mealey's (January 5, 2022, 1:59 PM EST) -- NEW YORK — Letting stand its ruling that vacated both a grant of new trials and a judgment of acquittal by a New York federal court, the Second Circuit U.S. Court of Appeals on Dec. 29 denied petitions for panel rehearing or rehearing en banc from two former hedge fund executives convicted of charges including securities fraud in an alleged scheme that involved a reinsurer and related entities....

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