Court Denies Firm's Bid For Cut Of Criminal's Assets

Law360, New York (August 3, 2007, 12:00 AM EDT) -- A consulting firm has lost its bid to challenge a forfeiture order against a former Merrill Lynch employee, with an appeals court ruling the firm had no standing to butt in to a criminal proceeding.

The U.S. Court of Appeals affirmed an order of the Manhattan district court denying a motion brought by DSI Associates to intervene in the forfeiture proceedings of the jailed scammer, Daniel Gordon, who was sentence to three and ½ years in prison for his scheme to fleece the investment bank....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.