Successful Resolution of Securities Fraud Case

In February, we resolved another long-running case.  Our client, a former General Counsel and CFO of an energy exploration company, had pled guilty in the Southern District of New York to charges including securities fraud, wire fraud, and obstructing an SEC investigation.  Based on those pleas, he faced Sentencing Guidelines that recommended a prison sentence between 97 and 121 months.  Through a lengthy sentencing memorandum, support letters, and our oral advocacy at the sentencing hearing, we were able to persuade the court to impose a far lower sentence—12 months and 1 day.