Court Rules in Favor of Jon-Paul Rorech in SEC v. Rorech; Significant Victory in First-Ever Derivatives Insider Trading Case

NEW YORK, June 28 /PRNewswire/ -- Late Friday, a Federal Court in Manhattan entered a resounding judgment completely exonerating Jon-Paul Rorech of any wrongdoing in connection with a Deutsche Bank high yield bond deal in 2006.  Judge John G. Koeltl of the U.S. District Court for the Southern District of New York ruled in favor of Defendants Jon-Paul Rorech and Renato Negrin, clearing them of all charges in the SEC's first-ever insider trading case in credit default swaps.

"The Court's decision is a complete vindication for Mr. Rorech," said Richard M. Strassberg, chair of Goodwin Procter's White Collar Crime & Government Investigations Practice and counsel for Rorech, a 39-year-old high yield salesman at Deutsche Bank.

Goodwin Procter's team consisted of Richard M. Strassberg, Roberto M. Braceras, Maryana Zubok, Annie Railton, Tanya Pohl, and Amy White.

For More Information Contact:

• Richard M. Strassberg (212) 813-8859; (917) 664-2891; [email protected]
• Roberto M. Braceras (617) 570-1895; (978) 590-6899; [email protected]

About Goodwin Procter

Goodwin Procter LLP is one of the nation's leading law firms with offices in Boston, Hong Kong, London, Los Angeles, New York, San Diego, San Francisco, Silicon Valley, and Washington, D.C.  The firm's core areas of practice are corporate, litigation and real estate, with specialized areas of focus that include financial services, private equity, technology, REITs and real estate capital markets, intellectual property, products liability and mass torts.  Information may be found at www.goodwinprocter.com.

SOURCE Goodwin Procter LLP