WG Exec's Due Process Argument Fails In Seizure Spat

Law360, New York (July 30, 2010, 4:38 PM EDT) -- Former WG Trading Co. executive Stephen Walsh, who is accused of participating in a $554 million investment fraud, failed to convince a judge Friday that prosecutors deliberately sidestepped due process rights when they obtained numerous seized documents.

Judge Miriam Cedarbaum, who is also overseeing the criminal case of Walsh’s former colleague Paul Greenwood, told Walsh’s lawyer during a hearing in the U.S. District Court for the Southern District of New York that he made an “interesting point” but refrained from acting on his suggestions.

The lawyer,...
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