U.S., Former Execs Brief 2nd Circuit Cross-Appeals In Securities Fraud Case

( July 16, 2025, 9:48 AM EDT) -- NEW YORK — Wrapping up briefing in consolidated cross-appeals in a securities fraud case, the federal government urged the Second Circuit U.S. Court of Appeals to reverse certain judgments in the long-running litigation and order resentencing for all three former hedge fund executives whom federal juries convicted in connection with the so-called “Black Elk” scheme that involved reinsurers....

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