Fried Frank is representing Sean Stewart, a former Wall Street investment banker at J.P. Morgan and Perella Weinberg in connection with insider trading charges brought by the US Attorney's Office for the Southern District of New York. Mr. Stewart was previously convicted of insider trading under different counsel, for allegedly “tipping” his father with confidential health care company merger information before the deals were publically announced. The case, which was heavily covered by the press, was the first post-Newman insider trading conviction for Southern District of New York prosecutors. However, in November 2018, the US Court of Appeals for the Second Circuit vacated the conviction on the basis that the district court improperly excluded certain potentially exculpatory evidence. Mr. Stewart retained Fried Frank in December 2018 for the retrial in the Southern District of New York, which is scheduled to begin in September 2019.
The Fried Frank team is led by litigation partners Steven M. Witzel and Lawrence Gerschwer and includes litigation associates Leigh G. Rome and R. David Gallo.
To view articles on Mr. Stewart's case, please click on the following links: Law360 and Forbes.