Charges to be Dropped Against Shapiro Arato Client Following Successful Appeal

On November 16, 2015, the U.S. Attorney’s Office for the Southern District of New York agreed to a deferred prosecution of Shapiro Arato client David Parse, a former Deutsche Bank broker, which will result in the dismissal of the remaining charges against Mr. Parse after one year, under terms of an agreement approved by U.S. District Judge Laura Taylor Swain.  Mr. Parse was acquitted of virtually all of the charges against him at trial and we are very pleased that the remaining two will be dismissed as well.

In June, partner Alexandra Shapiro successfully obtained a reversal of Mr. Parse’s original conviction from the U.S. Court of Appeals for the Second Circuit, which granted him a new trial on the grounds that his constitutional right to an impartial jury was violated by the egregious misconduct of a juror.

News reports of yesterday’s proceedings in the District Court can be found here and here.

Our earlier news article on this case can be found here.