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Wednesday, April 23, 2025

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Securities fraud convictions vacated

NEW YORK — The Second Circuit agreed with a securities fraud convict that the double jeopardy clause should have kept the federal government from trying him for making false filings with the SEC, improperly influencing audits and committing securities fraud while serving as CEO of Iconix, a brand management company. He was acquitted of conspiracy charges related to the same behavior in 2021. His convictions must be vacated.

Read the ruling here.

Read about the firm’s involvement in a separate lawsuit here.

Categories / Appeals, Briefs, Criminal, Financial

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