Welcome to Inner City Press’ Bank Beat. We aim to scrutinize the industry, from high to low. Our other Reporters cover Community Reinvestment, the Federal Reserve, and other beats. ICP has published a (double) book about the Bank Beat-relevant topic of predatory lending - click here for sample chapters, an interactive map, and ordering information. The Washington Post of March 15, 2004, calls Predatory Bender: America in the Aughts "the first novel about predatory lending;" the London Times of April 15, 2004, "A Novel Approach," said it "has a cast of colorful characters." See also, "City Lit: Roman a Klepto [Review of 'Predatory Bender']," by Matt Pacenza, City Limits, Sept.-Oct. 2004. The Pittsburgh City Paper says the 100-page afterword makes the "indispensable point that predatory lending is now being aggressively exported to the rest of the globe." Click here for that review; click here to Search This Site. Click here for Inner City Press' weekday news reports, from the United Nations and elsewhere, which include bank-related topics.
Click here for Inner City Press' weekday news reports, from the United Nations and elsewhere. Click here for a recent BBC piece on Inner City Press' reporting from the United Nations. New: Follow us on TWITTER BloggingHeads.tv Click for March 1, 2011 BloggingHeads.tv re Libya, Sri Lanka, UN Corruption by Inner City Press. Until next time, for or with more information, contact us.
October
26, 2020
Doctor Seeks Citigroup Discovery Cited Dutch Appeal and Unauthorized Surveillance in SDNY
By
Matthew Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY
COURTHOUSE, Oct 22 – Heleen Mees
filed an application for discovery against
Citigroup under 28 USC 1728 back in 2014, when
she was represented by Boies Schiller &
Flexner.
On
October 22 U.S. District Court for the Southern
District of New York Magistrate Judge Sarah
Netburn held a proceeding. Inner City Press
covered it.
Mees insisted that her case is still alive in an
appeals court in Amsterdam and so she should get
discovery. Judge Netburn disagreed, saying that
discover was stayed and that Mees was free to
appeal to the District Judge, Loretta A.
Preska.
Talk
turned to sealed documents in the case,
including some released to "unauthorized
surveillance." Inner City Press aims to have
more on this.
October
19, 2020
State Street Bank Is Sued For Boston Club Culture Now Complains About Discovery
By
Matthew Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY
COURTHOUSE, Sept 15 – Two employees sued
State State Bank for discrimination. Then their
lawyer had some problems
On
September 15 U.S. District Court for the
Southern District of New York Judge Gregory H.
Woods held a status conference. Inner City Press
covered it.
State
Street's lawyer complained about the plaintiff
getting double standards, while purporting to
sympathize for their problems. The plaintiffs
cite State Street's "notorious male-dominated
'Boston club' culture."
October
12, 2020
Turkey
Halkbank Was
Denied
Dismissal Now
Appeals And
Asks For Stay
US To File Oct
13
By
Matthew Russell Lee,
Patreon, Thread
Video
Honduras
- The
Source - The
Root - etc
SDNY
COURTHOUSE, Oct 10 – Turkey's Halkbank has
officially given up its strategy of refusing to
official appear in the US criminal case against
it, and on February 25 appeared and agreed to be
indicted. Inner City Press live tweeted it here.
On September 10 Judge Berman scheduled a
September 18 oral argument on Halkbank's motion
to dismiss. Inner City Press live tweeted it, here
and below.
On October 1 Judge Berman has denied Halkbank's motion to dismiss.
On
October 9, Halkbank told Judge Berman it had
appealed and asked again for a stay: "we
respectfully request that this Court vacate all
pretrial, trial, and related deadlines.
Neither this motion nor the notice of appeal
withdraws Halkbank’s petition for mandamus on
recusal. Halkbank continues to object to this
case proceeding until the recusal issue has been
fully and finally decided."
October
5, 2020
JPM Chase Gave Out Customer Funds Now Will Not Timely Give Discovery Due To COVID
By
Matthew Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY
COURTHOUSE, Sept 29 – A customer of JPMorgan
Chase's private bank had his accounts accessed
without his consent and looted. He sued.
On September 29 U.S. District Court for the
Southern District of New York Judge Lewis J.
Liman held a proceeding. Inner City Press
covered it.
Judge
Liman said the proposed discovery scheduled
seemed too slow. The plaintiff's lawyer said
that dealing with Chase is like pulling teeth.
Chase's
outside counsel acknowledged things are slow,
people are working from home but are not allowed
to print there - ostensibly to protect, perhaps
too late, people like the plaintiff.
Judge Liman referred the case for settlement
talks to Chief Magistrate Judge Gabriel W.
Gorenstein, whom he called "experienced."
September
28, 2020
BMO Harris Bank Debtor Principis Was Told To Pay Collections Account Now Receiver Mulled
By
Matthew Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY
COURTHOUSE, Sept 24 – In 2017
Bank of Montreal Harris and First Horizon lent
$55 million to Principis Capital LCC of
Manhattan and Jersey City. In 2020 Principis
stopped paying and BMO sued.
On
September 4 U.S. District Court for the Southern
District of New York Judge Lorna G. Schofield
held a proceeding. Inner City Press covered
it.
The
banks want a received to be appointed. But
Principis CEO Jane Prokop says, "We received no
warning before the Notice landed in our email
box late on August 3... Principlis offered in
numerous phone conversations to provide a
reconciliation for the August 3 minimum balance
shortfall, but BMO's response was to insist that
$678,709 was simply to be wired into the
Customer's Bank collection account."
Judge
Schofield asked for a status letter.
On
September 24 Judge Schofield held another
proceeding. Now a receiver is being mulled. But
Judge Schofield said she would not order one off
the cuff, asking instead for filings on the
issue.
September
21, 2020
Ex-JPMorgan Trader Objected To SDNY Zip Codes Now Gets 8 Months for ForEx Rigging
By
Matthew Russell Lee, Patreon
Honduras
- The
Source - The
Root - etc
SDNY
COURTHOUSE, Sept 17 – Akshay Aiyer, formerly of
JPMorgan, was standing trial back in November
2019 for bid rigging and price fixing with
regard to the Russian ruble and other currencies
in violation of the Sherman Act.
But somehow the prosecutors forgot, before
closing their case, to prove venue: that acts
occurred in the Southern District of New York.
And so SDNY Judge John G. Koeltl on November 14,
2019 gave them a break to find a zip code map,
and they did. Aiyer's lawyer Martin Klotz of
Wilkie Farr said he did not object to Judge
Koeltl taking judicial notice of the map. But he
did object to the government re-opening its case
to get the evidence in.
Judge Koeltl overruled the objection, saying
that it is within his sound discretion to allow
the re-opening of the government's case
particularly if there was, as here, no
prejudice.
Except that due to the government's omission,
Aiyer might have gone free?
His Rule 29 motion was denied by Judge Koeltl
without prejudice to be renewed. In an oral
ruling Judge Koeltl distinguished then-District
Judge Walker's decision in APEX Oil; he
rejected the argument that the trader was only
trying to help his client.
Price fixing and rig bidding, amended by Judge
Koeltl to bid rigging, are per se violations of
the Sherman Act.
For the record, the zip codes entered into
evidence were 10019, 10013 and 10167. Judge
Koeltl went online to verify they are in
Manhattan.
Aiyer was convicted, and on September 17
appeared for sentencing with a guideline of 37
to 46 months. Judge Koeltl imposed a sentence of
... eight months. This is the SDNY.
By
Matthew Russell Lee,
Patreon, Thread
Video
Honduras
- The
Source - The
Root - etc
SDNY
COURTHOUSE, Sept 18 – Turkey's Halkbank has
officially given up its strategy of refusing to
official appear in the US criminal case against
it, and on February 25 appeared and agreed to be
indicted. Inner City Press live tweeted it here.
On September 10 Judge Berman scheduled a
September 18 oral argument on Halkbank's motion
to dismiss. Inner City Press live tweeted it, here:
Halkbank's
lawyer: The government claims that a handful of
discussions with Treasury officials constitutes
doing business in the US. We disagree. These
statements to Treasury can't be used to bring in
the non-US activities in the UAE and
elsewhere.
Halkbank's
lawyer: Under the commercial activities
exception, the non-US activity must have a
direct effect in the US. There was the supposed
pool of money traded oversea. 95% of that money
never even made it to the US.
Halkbank's
lawyer: Post-pool, in Turkey and Dubai, the US
dollar transactions were not the product of
Halkbank's activities. So, this court has not
subject matter jurisdiction. As to personal
jurisdiction, this will be quick - you have
indicated how you will rule.
Halkbank's
lawyer: As to bank fraud, our indictment differs
from Zarrab's. To prove conspiracy to violate
IEEPA, they must prove conspiracy to violate
primary, not secondary sanctions. Thank you your
honor.
Judge
Richard M. Berman: I got it.
Assistant
US Attorney Sidhardha Kamaraju: While Halkbank
claims the Attila decision required us to change
our allegations, it's not true. The indictment
contains 81 paragraphs. Halkbank wants you to
look at one sentence in Paragraph 6.
AUSA:
But the next sentence says, used to make
payments on behalf of Iran, in dollars, passing
through the US, in violation of US sanctions
laws. And look at Paragraph 33, which makes
clear a knowing scheme to route the funds from
the US. A June 20, 2012 email...
AUSA:
The email says, these gold deposits can be used
for international payments... Bank Melli, Bank
Sedarat, Bank Mellat in Turkey. So, the bank
knowingly participated in enabling Iran's access
to the US financial system. Then there's the
slush fund in Dubai...
AUSA:
Their argument is essentially, What's a billion
dollars among friends? Except that their friend
is the world's largest state sponsor of
terrorism.... Halkbank tries to apply civil law
to this criminal case, in which acts are
attributable to all conspirators
AUSA,
cites US v. Noriega then says Halkbank is asking
Judge Berman to save it from the US Executive
Branch's decision it should not have immunity,
as it decided with regard to Noriega. Judge
Berman: Five minute warning.
September
14, 2020
For PPP Bank Fraud China National Ma Still Jailed But 6th Amendment Argument Sept 30
By
Matthew Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY
COURTHOUSE, Sept 11 – Amid mounting fraud in the
U.S. Paycheck Protection Program, including
banks and non-bank fintech lenders refusing to
report the most basic data about what they done
with the money, an investigative project of
Inner City Press, on May 21 there is the arrest
of Muge Ma, as known as "Hummer Mars," a Chinese
national residing in Manhattan.
At 7
pm he was remanded to custody in jail as a risk
of flight, see below.
On
September 11, after various other attempts, Ma
tried again before Judge Richard M. Berman. He
continued remand but agreed to hear Ma's
Constitutional / Sixth Amendment right to
counsel arguments, on September 30. Inner City
Press live tweeted September 11, here:
Muge
Ma, the defendant, has a Mandarin
interpreter. His lawyer says Ma speaks
fine English. But the MCC has not produced him.
Lawyer wants him present for bail argument.
Seems the proceeding may be put over - for more
than a week.
Muge
Ma a/k/a Hummer Mars has hired, and is paying
(unlike Michael Avenatti in SDNY) his own
lawyer: Peter Katz of Princeton NJ. MCC
counsel says they are trying to produce Ma.
Ma
has arrived. Judge Berman recites that
Magistrate Judges McCarthy and Cott turned him
down for release, as did Judge Rakoff sitting as
Part 1 judge. Will Judge Berman go a different
way?
Judge
Berman says he's never seen so many denials, by
3 different judges, and a re-application.
Defense lawyer: There was no bail application to
Judge Cott. We knew we had a date with you
today. Judge Berman: It's fair to say that Judge
Cott continued the remand Ma's lawyer Katz:
We've just waited 47 minutes for Mr. Ma.
Judge
Berman: What can we draw from that? We were
trying to accommodate him with an interpreter.
Nothing that we have done or said today has any
bearing on the determination whether Mr. Ma is
guilty
Judge
Berman: So what's different now, that should
persuade us that Mr Ma is not a flight risk?
Ma's lawyer Katz: The communication is
difficult. [But that's not on risk of
flight] Judge Berman: You can't paint with a
huge brush. What you say would apply to all
Katz:
I'm not sure if a pre-trial resolution is
possible, since I can't talk to him enough.
[Some might say this boils down to saying, Let
him out, he might plead guilty.] Katz says he
has another case with AUSA Sagar Ravi, about a
defendant in another facility
Judge
Berman named another Judge, Magistrate Aaron, as
turning Ma down on June 5 and says Ma didn't
appeal to Judge Rakoff, also Part 1 Judge, on
that day. Implying because Ma knew he would lose
with Judge Rakoff, but wants to try again with
Judge Berman?
AUSA
Ravi: In person legal visits in MCC will begin
again on September 21. Ma's lawyer Katz: That's
just testing. Judge Berman: If that's the only
issue, I would suggest you submit
aConstitutional brief about the attorney client
contacts, not content
Judge
Berman: We've succeeded today in narrowing the
issue. I'll give you a few days. I've looked at
the papers and I can't imagine I'd come to a
different conclusion than Judges McCarthy,
Rakoff & Aaron. I'll continue the remand;
I'll look at whatever you submit
Judge
Berman: I'm not asking for a supplement, to what
was rejected. I'm looking for something new. How
long will it take you? Katz: Next Thurs?
Judge
Berman: Sure. Keep it to 10 pages double spaced.
US? Ravi: 1 week. Wed Sept 30, 10:30
conference.
By
Matthew Russell Lee,
Patreon, Thread
Video
Honduras
- The
Source - The
Root - etc
SDNY
COURTHOUSE, Sept 10 – Turkey's Halkbank has
officially given up its strategy of refusing to
official appear in the US criminal case against
it, and on February 25 appeared and agreed to be
indicted. Inner City Press live tweeted it here.
September
7, 2020
BMO Harris Bank Debtor Principis Says It Was On No Notice Told To Pay Collections Account
By
Matthew Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY
COURTHOUSE, Sept 5 – In 2017
Bank of Montreal Harris and First Horizon lent
$55 million to Principis Capital LCC of
Manhattan and Jersey City. In 2020 Principis
stopped paying and BMO sued.
On
September 4 U.S. District Court for the Southern
District of New York Judge Lorna G. Schofield
held a proceeding. Inner City Press covered
it.
The
banks want a received to be appointed. But
Principis CEO Jane Prokop says, "We received no
warning before the Notice landed in our email
box late on August 3... Principlis offered in
numerous phone conversations to provide a
reconciliation for the August 3 minimum balance
shortfall, but BMO's response was to insist that
$678,709 was simply to be wired into the
Customer's Bank collection account."
Judge
Schofield asked for a status letter next
Thursday, and for another telephone conference
is necessary the day after. She wished the
lawyers good health and a good holiday weekend.
August
31, 2020
In SDNY Bank Fraud Extraditee From Ghana Has May 3 Trial and TB in Valhalla
By Matthew Russell Lee
SDNY
COURTHOUSE, Aug 28 – A woman from Ghana pled
guilty to receiving stolen property in The Bronx
before U.S.
District Court
for the
Southern
District of
New York Judge
Denise Cote on
July 3, 2019.
Assana Traore
has a plea
agreement for
a guideline
sentence of
from 15 to 21
months and
will be
sentenced on
October 4, see
below. Before
Traore's plea,
the same
defense lawyer
Stephen Turano
had another
client plead
guilty.
But
who was it?
After inquiry
with the U.S.
Attorney's
Office,
thankfully
Inner City
Pres was
informed this
earlier case
was US v. Sadi
Fofana,
19-cr-447.
There was
another
defendant in
that case,
Malick Keita,
initially
represented by
Florian
Meidel. So who
pled guilty?
Whoever it it,
their
sentencing is
said to be
October 4 at 3
pm. Only there
is someone
else scheduled
to plead
guilty before
Judge Cote at
that time...
Assana
Traore was
accused of
receiving
$20,000 wired
in to her bank
account in The
Bronx and
money
laundering.
It's part of
the wide "US
v. Rufai" case
in which Judge
Cote has given
four year jail
sentences to
men involved
in the romance
scam side of
the wider case
(one defendant
cut off his
ankle bracelet
and fled).
Traore is a
U.S. citizen
and does not,
like the men,
face or flee
deportation.
While one of
the men
claimed he was
not part of
the romance
scam but only
aware of it,
Judge Cote
demurred. The
issue of
awareness
apparently did
not arise with
Mr. Traore.
On
August 28,
2020, still
amid the COVID
pandemic,
Judge Cote
held a
proceeding
DEBORAH
MENSAH,
extradited
this week from
#Ghana for
theft of over
$10 million
through
business email
compromises
and romance
scams that
targeted the
elderly.
Judge
Denise Cote:
I'm going to
put this down
for a two week
trial. What
month should
we look at?
Defense
counsel: How
about 1st week
in May 2021?
Note:
MENSAH, 33, is
charged with
conspiracy to
commit wire
fraud, wire
fraud &
money
laundering, 20
years in
prison
Judge
Cote: I'll
exclude time
under the
Speedy Trial
Act until the
May 3 trial
date. If the
defendant
wishes to use
the time to
try to
negotiate a
pre-trial
disposition,
she can do
that.
Defense
lawyer: I
reserve the
right to make
a bail
application.
She has T.B.
Defense
lawyer: If and
when we make a
bail
application,
should we file
it with you or
the
Magistrate?
Judge Cote:
With me. I'm
around. AUSA,
please follow
up with
Valhalla
[jail] to make
sure there is
medical care
after what I
hope was an
arraignment.
The
case is US v.
Mensah,
18-cr-201
(Cote).
August
24, 2020
Turkey
Halkbank Civil
Suit By Iran
Terrorism
Victims Has
Names Added
Inner City
Press On the
Case
By
Matthew Russell Lee,
Patreon, Thread
Video
Honduras
- The
Source - The
Root - etc
SDNY
COURTHOUSE, Aug 21 – Turkey's Halkbank
officially gave up its strategy of refusing to
official appear in the US District Court for the
Southern District of New York criminal case
against it, and on February 25 appeared and
agreed to be indicted. Inner City Press live
tweeted it here,
and below.
Now on August 21 Inner City Press is looking
into a civil case against Halkbank in the SDNY,
for the bank's "arm in arm" work with Iran.
That's from a sealed complaint, for which the
Gibson Dunn law firm was SDNY Judge J. Paul
Oetken for additional time to serve Halkbank
under the Hague Convention. It was granted by
SDNY Judge Denise L. Cote.
On
August 21, yet more names were added to the
case. The plaintiffs are individuals who
are direct victims and surviving family members
of the Embassy Bombings, Beirut Bombing,
Jerusalem Bombing Atzmona Attack, 2003 Bus
Bombing and two related attacks on U.S. service
members serving in Iraq.
The
complaint says Halkbank acquired its Iranian
accounts in 2004, when it merged with Pamuk
Bank, a Turkish bank with long-standing ties to
Iran. The plaintiffs are suing for rescission of
fraudulent conveyances, and under the Terrorism
Risk Insurance Act. The schedule is on Patreon here.
On March 31 in a telephone conference Inner City
Press also live tweeted, here,
Halkbank dropped King & Spalding and swapped
in as its counsel Robert Cary of Williams and
Connolly. On Halkbank's behalf he pled not
guilty to all counts of the indictment.
Cary said he wants to travel to Turkey for a
third time to discuss with Halkbank whether or
not to file a motion for recusal of U.S.
District Court for the Southern District of New
York Judge Richard M. Berman.
On June 30 Judge Berman held a proceeding. Inner
City Press live tweeted it:
Halkbank's
new lawyer, Robert Cary of Williams and
Connolly, got on late. Blames it on his "help
desk." Judge Berman: You need a 13 year old
there with you. Is Halkbank waiving physical
presence in an SDNY courtroom? Cary: Yes, Your
Honor.
Judge
Berman: I'm within the Second Circuit, but I'm
outside of the Southern District of New York.
Does Halkbank waive my physical presence in the
District for this proceeding? Cary: Yes. AUSA:
The government, too.
Judge
Berman: At the March 30 conference, former
counsel for Halkbank withdrew and Mr. Cary
appeared. Now, let's talk about next steps. On
June 2, I told parties to be ready to discuss
expedited motion schedule today. Has defense met
and conferred?
Cary:
We have some disagreement. For a short window we
could have gotten to Turkey. We didn't. We've
worked from home. We have a stipulation on a
protective order, but not on translations. (A
beat). We will be filing a recusal motion, and
could by July 21.
Cary:
We would file other motion four weeks after the
ruling on the recusal motion. We'd file a motion
for a bill of particulars three months after we
get the discovery. We believe it will be months
before we can travel safely. So discovery on a
secure platform.
Cary:
The rest of the discovery will be on a one
terabyte hard drive, from Amazon if you can
believe it. The stipulation on translations is
that we are not allowed to rely on the
government translations, we'll hire our own
translators.
Cary:
The vast majority of witnesses are overseas.
We'll have to use MLATs to get their testimony.
Given that and #COVID19, we suggest trial in
March 2022. Did you say March 2022? Cary: Yes.
Judge Berman: You would need a year to do trial
prep?
Cary:
Yes. Judge Berman: AUSA Lockhart?
AUSA
Lockhart: We disagree on trial date. We think
the motions can be scheduled now, without regard
to recusal.
AUSA
Lockhart: If the Court grants recusal, then the
newly assigned Judge would have the benefit of
the other motions. Judge Berman: So you'd
say all motions at once?
AUSA
Lockhart: Perhaps all motions by July 28. Or
recusal by July 21 and the others just after.
AUSA
Lockhart: On the trial date, we think March 2020
is too far away. It would be much sooner, like
the beginning of 2021. February, depending on
the court's schedule. We are not starting from
scratch. Halkbank has been responding to
investigation since Oct 2017.
AUSA
Lockhart: Halkbank has interviewed its own
officers. So it chose to change counsel. But
Halkbank has had time to prepare. Trial prep can
take place under current circumstances. The main
question is whether people can participate in
the trial. Early 2021.
Judge
Berman: Rob, did you want to respond? Cary: My
struggles getting on this call is an example.
Communication is not what it should be. To work
with the client, on which motions to file, too
fast is not fair and appropriate. We need much
more time.
Cary:
We think personal jurisdiction should be
considered first. Judge Berman: I can understand
recusal being 1st. But I see no reason for the
other motions to be separate. Cary: Representing
an entire bank is difficult, our defense will be
different than Atilla's.
Cary:
We believe there will be Classified Information
Procedures Act issues - it was testified to in
Congress, Turkish deals to be reviewed only in a
secure facility. There are also a lot of
translations. We think 2022 makes sense.
Judge
Berman: Let's move quickly. File the recusal
motion by July 14, reply by August 4. While
that's pending, the facial motion with several
branches should be filed August 10. Responded to
by August 31, reply by Sept 7. Then I'd like to
think through the trial concerns.
Judge
Berman: Mr Cary, will your foreign witnesses be
mostly Turkish? Cary: There will be witnesses
from other jurisdictions. Judge Berman: Leave
with me the question of trial date. And as to
when to have oral argument. Sound workable?
Cary: We will make that work
AUSA
Lockhart: Would it make sense to schedule a
conference in September?
Judge
Berman: Do we need oral argument on recusal?
Cary: I would want to discuss that with my
client. I'm not able to take a position on that
today. [This question was foreseeable. Delay.]
Judge
Berman: If oral argument on recusal, it would be
in August. Which would be an occasion to refine
the schedule, if it needs to be refined. The
facial motion, resolvable on the papers?
Cary:
I need to check with the client.
August
17, 2020
In JPMorgan Chase Treasury Spoofing Civil Case Long Shadow of DOJ Prosecution
By
Matthew Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY
COURTHOUSE, Aug 13 – In the shadow of the US
Department of Justice actions on (some of)
JPMorgan Chase's U.S. Treasury "spoofing" fraud,
on August 13 U.S. District Court for the
Southern District of New York Judge Paul A.
Engelmayer held a proceeding in Breakwater
Trading LLC v. JPMorgan Chase & Co. et al.
Inner
City Press live tweeted it - then added some
analysis, on Patreon here.
Judge
Engelmayer is asking of the links of this civil
case filed in May to criminal cases.
A
lawyer tells Judge Engelmayer she spoke with "Mr
Sullivan of the DOJ" about the relation of the
criminal case and this.
Judge
Engelmayer: Interim lead counsel should discuss
the schedule of discovery as relates to any DOJ
request... Since Ms. Nussbaum spoke with the
relevant figure at DOJ, you all should. [It's
Linda P. Nussbaum representing Breakwater
Trading LLC]
Judge
Engelmayer: There's reference to a protective
order - you should discuss that too. W have a
missing party here in the room, a missing
entity, the DOJ, and they'll have something to
say about discovery in this case... I had an ex
parte though fully memorialized under seal
discussion with DOJ [More on Patreon here.]
Another
lawyer: I speak with Mr. Perry and Mr. Sullivan
at the DOJ, often...
Ms.
Nussbaum: We'll reach out to other counsel.
We've had discussions with Ms. Davidoff [Amanda
Flug Davidoff representing JP Morgan Clearing
Corp.]
Judge
Engelmayer: we are adjourned.
August
10, 2020