Detailed text transcripts for TV channel - CNN - 20190306:16:30:00
Joining me right now cnn legal analyst and former federal prosecutor shan wu is here. the new york state regulator is asking for information going back a decade. what is it that they're looking for with this subpoena, do you think? >> so they're looking for misrepresentations, fraudulent statements. the key here is they have to be material. as a prosecutor, that's what you're going to look for. i'll give you a very sophisticated legal definition on hue ow to tell the differenc. if you claim your leg hurts from a car accident and the insurance company disagreed with you, probably not material. ...