We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

2nd Circ. Urged To Uphold Litvak's RMBS Fraud Conviction

Law360, New York (October 11, 2017, 5:59 PM EDT) -- The U.S. Department of Justice asked the Second Circuit on Tuesday to uphold the conviction of former Jefferies Group trader Jesse Litvak, saying a jury had ample evidence to find his lies in residential mortgage-backed securities sales would matter to reasonable investors.

A jury convicted Litvak of one count of securities fraud in January for lying to about the price he paid for a bond backed by home loans when he sold it to another investor. The former trader has argued on appeal that letting the...
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.