The ongoing trial of Archegos Capital Management executives took an interesting turn as Barry Berke, a partner at Kramer Levin Naftalis & Frankel, defended his client, Sung Kook “Bill” Hwang. Speaking to a jury in the Southern District of New York, Berke asserted that Hwang did not violate any laws in the year before the dramatic collapse of his $36 billion fund in 2021.
Berke hinted towards the devastating pandemic, suggesting that many of the prosecution’s allegations, which they claim are indicative of improper conduct, were in reality, simply a result of the unparalleled circumstances brought about by the global health crisis.
For more information, legal professionals can read the complete proceedings of the trial at Law.com’s New York Law Journal.