Ex-Jefferies Trader Convicted of Fraud in U.S. Bond Probe

March 7, 2014

Jordan A. Thomas applauds U.S. government victory in criminal case stemming from misconduct related to the financial crisis

"This landmark case is likely to embolden prosecutors to be even more aggressive," said Jordan Thomas, a partner at Labaton Sucharow and former federal prosecutor. "Defendants awaiting trial, and individuals under investigation, will have to think twice about going the distance because of the government's demonstrated skill in successfully bringing this type of case."

The cases are U.S. v. Litvak, U.S. District Court, District of Connecticut, No. 13-cr-00019; and SEC v. Litvak in the same court, No. 13-00132.