Kramer Levin Naftalis & Frankel partner Barry Berke on Monday told a jury in the Southern District of New York that his client Sung Kook “Bill” Hwang did not break the law in the year preceding the collapse of his $36 billion fund Archegos Capital Management in 2021.
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“You’ll see that so much of what the prosecution points to as being … evidence of something improper was in fact a product of that horrible, horrible pandemic that we all experienced,” Berke said.