A federal appeals court delayed enforcement of a U.S. judge’s ruling that the New York Police Department’s use of stop-and-frisk tactics is unconstitutional and removed her from the case, saying she appeared biased.
Lynne F. Stewart , the lawyer convicted in 2005 of helping an extremist cleric pass messages from prison to his terrorist followers, was sentenced to 10 years in prison, compared with a 28-month term imposed earlier.
Former Societe Generale trader Samarth Agrawal , accused of stealing the company’s computer code for high-frequency trading, was granted a delay of his trial after his lawyer said he has evidence which could exonerate him.
Swiss Reinsurance Co. the world’s second-biggest reinsurer, won dismissal of an investor suit in which it was accused of failing to disclose risk that led to a 1.2 billion franc ($1.1 billion) derivative loss over credit- default swaps.
Jerome Kerviel was sentenced to three years in prison and ordered to repay Societe Generale SA ’s 4.9 billion-euro ($6.8 billion) trading loss by a judge who said the former trader’s actions threatened the bank’s existence.
An insider-trading lawsuit filed by the U.S. Securities and Exchange Commission against Rengan Rajaratnam, the younger brother of imprisoned hedge-fund founder Raj Rajaratnam, was put on hold by a federal judge in New York.
Lynne F. Stewart, the lawyer imprisoned for helping an incarcerated Egyptian cleric pass messages to his terrorist followers, told a U.S. appeals court her 10-year sentence is punishment for exercising her free- speech rights.