Court Rules in Favor of Jon-Paul Rorech in SEC v. Rorech; Significant Victory in First-Ever Derivatives Insider Trading Case

Jun 28, 2010, 18:33 ET from Goodwin Procter LLP

NEW YORK, June 28 /PRNewswire/ -- Late Friday, a Federal Court in Manhattan entered a resounding judgment completely exonerating Jon-Paul Rorech of any wrongdoing in connection with a Deutsche Bank high yield bond deal in 2006.  Judge John G. Koeltl of the U.S. District Court for the Southern District of New York ruled in favor of Defendants Jon-Paul Rorech and Renato Negrin, clearing them of all charges in the SEC's first-ever insider trading case in credit default swaps.

"The Court's decision is a complete vindication for Mr. Rorech," said Richard M. Strassberg, chair of Goodwin Procter's White Collar Crime & Government Investigations Practice and counsel for Rorech, a 39-year-old high yield salesman at Deutsche Bank.

Goodwin Procter's team consisted of Richard M. Strassberg, Roberto M. Braceras, Maryana Zubok, Annie Railton, Tanya Pohl, and Amy White.

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SOURCE Goodwin Procter LLP