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Hwang Judge Recuses Himself From Archegos Case for JPMorgan Ties

May 19, 2022, 8:11 PM

The judge overseeing the fraud prosecution of Archegos Capital Management’s Bill Hwang and Patrick Halliganrecused himself from the case at the defendants’ first appearance before him, citing ties to JPMorgan Chase & Co.

At a pretrial conference Thursday, US District Judge Andrew L. Carter Jr. said he wouldn’t continue to oversee the case because he owns shares of JPMorgan and his wife used to work as an attorney for the bank.

Prosecutors and defense lawyers at the meeting said JPMorgan played only a small role in last year’s implosion of Archegos, Hwang’s family office, and only toward ...