David Simon Comments on High Profile Securities and Wire Fraud Indictment

Foley & Lardner LLP partner David Simon appeared on CNBC-TV18 to share legal insight on the high profile indictments of the chairman of a major Indian conglomerate and several associates in a securities and wire fraud case.

“It’s a very serious case,” Simon commented, noting that the matter comprises a civil case brought by the U.S. Securities and Exchange Commission and a criminal case brought by the U.S. Department of Justice. He described how fines are calculated in the U.S. legal system, explained the legal process behind these kinds of complex cases, and gave an overview of the DOJ’s approach.

“The Department of Justice in the U.S. doesn’t bring cases lightly, and they don’t bring cases they don’t think they can win in court,” he added. “It’s something to be taken very seriously.”