U.S. District Judge Colleen McMahon of the Southern District of New York, in 2016.. US Judge Imposes $5 Billion Sentence on Investment Advisory Firm in Securities Fraud Case
U.S. District Judge Colleen McMahon, who noted this was her first time sentencing a corporation in 25 years on the federal bench, described the amount of money involved as "astronomical."
July 12, 2023 at 05:27 PM
3 minute read
U.S. District Judge Colleen McMahon of the Southern District of New York on Wednesday sentenced Allianz Global Investors U.S. LLC to pay more than $5 billion in fines, restitution and forfeiture for its involvement in a securities fraud scheme.
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