2nd Circ. Flips Ex-Jefferies Trader's RMBS Fraud Conviction

Law360, New York (May 3, 2018, 10:07 AM EDT) -- The Second Circuit once again reversed the conviction of former Jefferies Group trader Jesse Litvak on Thursday, deciding that a Connecticut federal judge had erred in allowing a residential mortgage-backed securities buyer to testify about his mistaken belief that Litvak was working as his agent when Litvak lied to him during a transaction.

Former Jefferies Group trader Jesse Litvak, center, who began serving a two-year sentence in September, has been ordered freed from prison after the Second Circuit reversed his conviction for securities fraud and remanded the case to the trial court. (Getty) Litvak was convicted at a January 2017 retrial on...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!