Cadwalader’s Ken Breen and Phara Guberman Shortlisted for GIR’s ‘Most Important Court Case of the Year'

October 12, 2022

Cadwalader White Collar Defense and Investigations partners Ken Breen and Phara Guberman have been shortlisted for their representation of client Matthew Connolly as “Most Important Court Case of the Year” in Global Investigations Review’s (GIR) upcoming annual awards program.

In a precedent-setting appellate victory in U.S. v. Connolly, et al., in January 2022 the Second Circuit Court of Appeals overturned all counts of conviction and directed a judgment of acquittal in favor of Breen and Guberman’s client, Matthew Connolly, the lead defendant in the case and the first U.S.-based trader to be charged with alleged manipulation of LIBOR. Breen and Guberman represented Mr. Connolly at trial and on appeal. Their win represents the only LIBOR-related criminal case in the U.S. or U.K. to be overturned on sufficiency of the evidence and sets an important standard for all future wire fraud prosecutions.

GIR will announce the winners at its eighth annual awards ceremony on November 17 in Washington, DC.

Cadwalader’s New York, Washington, D.C., Charlotte and London-based White Collar Defense and Investigations team represents financial institutions, investment firms, broker-dealers, corporations, boards of directors, audit committees, non-governmental organizations, and individuals in criminal, civil, and administrative proceedings, trials, and appeals. The group has extensive expertise advising clients on the Foreign Corrupt Practices Act, the UK Bribery Act 2010, the Bank Secrecy Act, the Proceeds of Crime Act, the False Claims Act, and the Commodity Exchange Act, as well as global sanctions, money laundering and asset forfeiture laws.