Government Investigations & White Collar Crime

By: Therese M. Doherty, Arthur G. Jakoby, David M. Rosenfield, and Steven D. Feldman
Herrick, Feinstein LLP (New York, New York, USA)

Federal Court Awards Investment Bank Restitution For Legal Fees Expended Conducting Internal Investigation and Interacting with the SEC and DOJ, Plus Partial Return of Insider Trader's Past Compensation

A federal judge last week ordered a former Morgan Stanley portfolio manager convicted of insider trading to pay the bank more than $10 million in restitution to compensate it for legal fees and related costs it paid as a result of the defendant's criminal conduct. The order, which came as part of the criminal sentence, also compelled the portfolio manager to return a portion of his compensation for depriving the bank of his honest services. Click here to read entire article.