On January 27, 2022, the United States Court of Appeals for the Second Circuit issued a decision in United States v. Connolly, overturning the 2018 fraud convictions of two former.
On January 27, 2022, the United States Court of Appeals for the Second Circuit reversed the convictions of two former traders convicted of wire fraud…
But ruling is another indication of the difficulty prosecutors have had making the case that traders at a handful of big banks conspired to profit from manipulating Libor, the benchmark once used by banks to set interest rates.