Securities Fraud Conviction Reversed

In US v. Goyal, No. 08-10436, the court reversed Defendant’s convictions for securities fraud and making materially false statements to auditors where 1) because defendant’s jury had no competent evidence of materiality before it, it could not have properly convicted him on any of the securities counts; 2) no evidence supported a finding that defendant knew that his company’s subsidiary’s commitments violated GAAP; and 3) there was no proof that defendant willfully concealed buy-in letters.

 

Related Resources

  • Read the Ninth Circuit’s Decision in US v. Goyal, No. 08-10436

You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help

Civil Rights

Block on Trump’s Asylum Ban Upheld by Supreme Court

Criminal

Judges Can Release Secret Grand Jury Records

Politicians Can’t Block Voters on Facebook, Court Rules