2nd Circ. Denies Bail Bid In Goldman Code Theft Case

Law360, New York (May 3, 2011, 5:57 PM EDT) -- The Second Circuit on Tuesday denied a former Goldman Sachs Group Inc. programmer's request to be released from jail pending his appeal of a conviction on charges associated with stealing the investment bank's trading system code.

The federal appeals court issued a brief order rejecting defendant Sergey Aleynikov's motion for bail while he battles the jury's findings on counts of trade secrets theft and violation of the Electronic Espionage Act among others.

The court did not specify a reason for the denial of the request. Aleynikov's...
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