ARNOLD F. SOCK, Attorney At Law Opines On: Department of Justice "Sandbagging' With New Theory In Libor Trial
A Manhattan federal judge said Tuesday that she may push the trial of two former Deutsche Bank traders accused of rigging the Libor to September, saying she felt “sandbagged” by U.S. Department of Justice prosecutors’ new theories a month before trial.
Matthew Connolly and Gavin Black (U.S. District Court for the Southern District of New York United States of America v. Connolly 1:16-cr-00370) were indicted in 2016 on fraud charges for allegedly influencing Deutsche Bank’s Libor submissions so as to boost their derivatives trades tied to the lending benchmark. Chief U.S. District Court Judge Colleen McMahon had repeatedly hinted that prosecutors "sandbagged."
Prosecutors are obligated to act properly in the prosecution of every litiigation matter.
Opinion by ARNOLD F. SOCK, Attorney at Law