Ex-Two Sigma Analyst Can't Cut $1M Bail In Trade Secret Row

Law360, New York (March 19, 2014, 7:06 PM EDT) -- A New York Judge on Wednesday denied the request of a former analyst for hedge fund Two Sigma Investments LLC accused of stealing trade secrets to lower his $1 million bail, saying he cannot find the court abused its discretion in setting the unusually high amount.

New York Supreme Court Judge Larry Stephen said that while he thought the $1 million price tag was somewhat high for a defendant charged with so called E felonies, a class of nonviolent offenses, he could not find any legal...
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