Thursday, 26 November 2015
Last updated 23 hours ago
Feb 14 2014 | 8:05am ET
Winifred Jiau can't pin her conviction on insider-trading charges on her former lawyer, a federal judge ruled.
U.S. District Judge Paul Engelmayer on Wednesday dismissed Jiau's malpractice lawsuit against Joanna Hendon, who represented her at her 2011 trial. Jiau was convicted of selling confidential corporate information to two hedge fund managers and was sentenced to four years in prison.
Jiau, a former consultant for expert-network Primary Global Research, alleged that Hendon failed to properly investigate the allegations against her, refused to negotiate a plea agreement and "conspired" with prosecutors to let one of their witnesses testify falsely. Hendon's former law firm, Morgan Lewis & Bockius, said it was Jiau's allegations that were "false," while Engelmayer said simply that the malpractice claim "fails."
The dismissal is only the latest courtroom defeat for Jiau since her June 2011 conviction. Repeated attempts to have that jury verdict thrown out have failed, most recently in October before the U.S. Second Circuit Court of Appeals. The trial judge, U.S. District Judge Jed Rakoff, so tired of her personally-filed motions that he warned her in 2012, "all future pro se motions will be returned unread."
Jiau is set to be released in June.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…