Securities Law News

U.S. to Retry Ex-Perella Banker on Insider-Trading Charges

Dec. 4, 2018, 9:19 PM

U.S. prosecutors plan to retry a former Perella Weinberg Partners LP banker whose insider-trading conviction was reversed by an appeals court.

Sean Stewart was convicted last year of tipping his father to five health-care mergers and sentenced to three years in prison. The appeals court threw out the conviction in November, ruling that the trial judge should have let Stewart introduce statements his father gave to FBI agents undercutting key trial testimony.

In a letter Dec. 4, prosecutors urged U.S. District Judge Laura Taylor Swain to set a date for the retrial at her earliest convenience.

The case is United States v. Stewart, S.D.N.Y., No. 15-cr-00287, letter 12/4/18

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