Ex-JPM Trader Wins Bail As 2nd Circ. Mulls Antitrust Question

Law360 (December 2, 2020, 10:16 PM EST) -- A Second Circuit panel on Wednesday allowed a former JPMorgan Chase & Co. foreign currency trader to delay reporting to prison while he appeals his price-fixing conviction, one day after the judges indicated they would grant bail while they mull a legal question raised by the defense.

Akshay Aiyer was set to begin his eight-month prison sentence on Friday and had urged the appeals court to grant bail after the district court rejected a similar request last month.

At a Tuesday hearing, the three-judge panel seemed inclined to agree with Aiyer's argument that the key legal question — whether his alleged misconduct...

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