White collar partner and former federal prosecutor Keri Curtis Axel, quoted by Law360 on February 1, 2022 on the Second Circuit’s reversal of a Libor case involving two former Deutsche Bank traders accused of fraud, said that she does not expect the ruling to disrupt the DOJ’s appetite for bring complex cases that have a high deterrence value.
“When you walk into the Southern District of New York, you see sketches throughout the lobby of judges officiating over various high profile white collar and national security cases. I would say that has a profound impact on creating a culture where prosecutors want to bring these kinds of cases. This ruling won’t change that.”
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