Second Circuit Court Mandates Pillsbury Law Firm to Refund $3.6 Million Retainer Amid SEC Asset Freeze
The U.S. Court of Appeals for the Second Circuit has affirmed a decision requiring Pillsbury Winthrop Shaw Pittman LLP to return a $3.6 million retainer received for defending a client facing extensive fraud charges. The court’s verdict, announced on Thursday, maintains that the funds were subject to an asset freeze initiated by the Securities and…