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Southern District of New York Dismisses Indictment Against Hodgson Russ Client

Hodgson Russ lawyers convinced federal prosecutors for the Southern District of New York to dismiss a pending indictment against our client for conspiracy to commit securities fraud and wire fraud. Although the client was deemed a relatively minor participant in the scheme, the prosecutors were ultimately persuaded to dismiss the indictment based on the argument that there was a Speedy Trial Act violation that could result in pretrial dismissal by the court. The client is now able to move forward with his life and business activities without the threat of criminal sanctions.