Keith Miller Quoted in New York Law Journal—Pardoned Private Equity Manager Argues 2020 US Supreme Court Ruling in 'Liu' Should Bar Disgorgement

Partner Keith Miller was quoted in "Pardoned Private Equity Manager Argues 2020 US Supreme Court Ruling in 'Liu' Should Bar Disgorgement," an article in New York Law Journal, regarding his representation of the investment entities founded by Lawrence Penn, referred to collectively as the Camelot defendants.

A former private equity fund manager pardoned by former Gov. Andrew Cuomo represented himself before the U.S. Court of Appeals for the Second Circuit, as he and Keith argued that the U.S. Securities and Exchange Commission wasn't entitled to $9 million in frozen assets.

"The Court made CGI and CASO Management each jointly and severally liable with Penn for certain disgorgement amounts, yet neither the SEC nor the Court have explained how the Camelot Defendants benefited from any purported wrongdoing," Keith wrote in his brief.