Archegos Founder Says Davis Polk Job Offer Taints Restitution

Curated from Law360: Legal Industry — Here’s what matters right now:

Archegos founder Bill Hwang, who is serving an 18-year sentence for defrauding banks out of billions of dollars in loans used to manipulate the market, asked to vacate his restitution order because the presiding judge's clerk accepted a job with Davis Polk & Wardwell LLP, which represents victim-bank Morgan Stanley.

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Original reporting: Law360: Legal Industry

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