9th Circ. Denies Fees For 3 Cleared Of Securities Fraud

Law360, New York (June 27, 2011, 9:47 PM EDT) -- The Ninth Circuit said Monday that three men cleared of securities fraud charges because prosecutors withheld evidence were not entitled to attorneys' fees, despite a newly discovered memo that purportedly shows the omissions were intentional.

A three-judge panel said it would stick by the decision of the district court judge, who was quite familiar with the case against one-time defendants Daniel G. Chapman, Sean F. Flanagan and Herbert M. Jacobi, and found that the supposed smoking gun memo did not change his opinion.

“As the district...
To view the full article, register now.