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...
2nd Circ. Urged To Uphold Litvak's RMBS Fraud Conviction
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
