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U.S. Court of Appeals for the Second Circuit held that federal restitution law does not apply to criminal victims seeking to recoup attorney fees incurred in connection with parallel Securities and Exchange Commission SEC investigations.
On Feb. 25, 2022, the U.S. Court of Appeals for the Second Circuit held in United States v. Afriyie that restitution orders under the Mandatory Victims Restitution Act (MVRA) do not allow victims to recover attorneys' fees associated with related Securities and Exchange Commission (SEC) investigations.
On Feb. 25, 2022, the U.S. Court of Appeals for the Second Circuit held in United States v. Afriyie that restitution orders under the Mandatory Victims Restitution Act (MVRA) do not...
The Second Circuit held Friday that federal restitution law does not allow criminal victims to recover attorney fees from parallel U.S. Securities and Exchange Commission investigations, paring down the amount a convicted insider trader owes MSD Capital LP for Sullivan & Cromwell's legal advice.