Friday, 28 November 2014
Last updated 9 hours ago
Jan 6 2012 | 9:07am ET
The family of the Angelo Gordon executive killed in a hit-and-run accident 15 months ago expressed outrage that the driver received just 60 days in jail.
According to the lawyer for 26-year-old Naisha Sutton, who pleaded guilty to leaving the scene of an accident, Ronen Katz's family did not seek felony charges. But Katz's family members, who live in Israel, said that prosecutors never told them Sutton would get such a short jail sentence—or that Sutton would be sentenced this week.
"Nobody told us," Katz' mother, Leora, told the New York Post, from which she learned of Sutton's sentencing. "We weren't updated. I find out about the 60 days from the Post. Sixty days for a life? The life of a young person? She will not understand what she did with only 60 days. That's nothing. That is not punishment."
Sutton—driving with only a learner's permit and not a license—struck Katz, 27, who was riding his motorcycle, on West Street in Manhattan in September 2010 as she made an illegal left turn. She got out of the car and asked witnesses to call 911, but then sped off before cops arrived.
Sutton turned herself in three hours later, telling police that her 22-month-old was screaming in the back seat and she "panicked."
"She would have gone to jail for two or three years in Israel," Katz' father, Yirmi, told the Post. "It's a kind of homicide."
"Israel is a different country," he continued. "Much different."
Prosecutors said that Sutton received a lenient sentence because she was neither under the influence nor speeding. She will serve three years probably after her release.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...