Tag Archives: reversal of conviction

The Second Circuit Reverses High Profile Convictions over “Preventable” Brady Error: More Grist for Those Who Favor Reform

This past month, the United States Court of Appeals for the Second Circuit overturned the convictions of six brokers and traders who were charged and later convicted in an insider trading scheme in which day traders were allowed to eavesdrop on confidential communications via broker “squawk boxes.” A primary basis for the appeal court’s ruling was the failure of federal prosecutors to produce as “Brady” material transcripts of depositions taken by an attorney for the Securities and Exchange Commission in a related matter. * Portions of these withheld transcripts contradicted the testimony of key government witnesses at trial, hence triggering the reversal.

Continue reading The Second Circuit Reverses High Profile Convictions over “Preventable” Brady Error: More Grist for Those Who Favor Reform