Today, Chu was sentenced to two (2) years of probation by U.S. District Judge Jed Rakoff.
Mr. Cuomo also credited Judge Jed Rakoff for helping to steer the two sides toward a settlement.
Judge Jed Rakoff said the agency was too quick to settle and didn't go after Bank of America executives.
Judge Jed Rakoff is a cheeky devil as well as a handsome one.
FORBES: Judge Rakoff Indicts No-Fault Securities Settlement Syndrome
Judge Jed Rakoff scheduled a hearing in the case for later Monday, and he has to approve any additional charges.
However, U.S. District Judge Jed Rakoff sided with the prosecution that such evidence was hearsay and not directly a part of this case.
The lawyer, Mr. Naftalis, resisted efforts since before the trial by U.S. District Judge Jed Rakoff to find out whether Mr. Gupta would testify.
Yesterday, U.S. District Judge Jed Rakoff sentenced Doug Whitman to 2 years in federal prison after his conviction for his role in an insider trading scheme.
FORBES: Doug Whitman Gets No Break on Prison Sentence, But Few Do
Former Primary Global Research salesman, James Fleishman (42), was sentenced to 30 months in prison by U.S. District Judge Jed Rakoff (Southern District of New York).
FORBES: Primary Global's James Fleishman Gets 30 Months in Prison
Sadly, it will also be one that he will wish he could forget as he prepares to be sentenced to federal prison by U.S. District Judge Jed Rakoff.
U.S. District Judge Richard Howell has asked for the Pre-Sentencing Report of Winifred Jiau, who was sentenced last week to 48 months in prison by U.S. District Judge Jed Rakoff.
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In its case against the Bank of America, the Commission was taken to task by District Judge Jed Rakoff for bringing charges against the bank but not against any individuals.
At that time, a U.S. district court judge, Jed Rakoff , (the same judge involved in the WorldCom (nasdaq: WCOME - news - people ) case) ruled preliminarily in a dispute between J.
Rajat Gupta stood in front of U.S. District Judge Jed Rakoff in New York and received a federal prison sentence of 24 months in prison followed by one year of supervised release, far below the 8-10 years of prison that the government was requesting.
FORBES: Ex-McKinsey Boss, Rajat Gupta, Sentenced to 2 Years in Federal Prison
The decision, explained Columbia Law School Professor John Coffee, who chaired the insider trading conference that included key participants from recent insider trading trials such as prosecutor Reed Brodsky, defense attorney Gary Naftalis, and Judge Jed Rakoff from the Gupta trial, reflected a time where regulators had greater discretion and authority.
FORBES: The Obscure Insider Trading Case That Started It All
The four-page decision by U.S. District Judge Jed Rakoff in New York is a blow to the Mets owners, Saul Katz and Fred Wilpon, who have been in a prolonged legal battle for more than a year with Irving Picard, the court-appointed bankruptcy trustee seeking to find money for victims of Mr. Madoff's Ponzi scheme.
Federal District Court Judge Jed S. Rakoff was among the most notable naysayers of these settlements.
FORBES: Will The SEC Lose Its Edge After Khuzami's Departure?
Those words said by Judge Jed S. Rakoff as he sentenced Raj Gupta to two years in prison for participating in an insider trading scandal.
That ruling, authored by Judge Jed S. Rakoff, added fuel to the criticism that the financial sector has largely evaded responsibility for its role in the 2008 financial meltdown.
The reason: Jed S. Rakoff, U.S. District Judge for the Southern District of New York, dismissed the case on the grounds that the defendants enjoy a free pass from private litigation.
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