The future has gotten a bit bleaker for Joseph P. Collins. After the onetime Mayer Brown partner was sentenced to seven years for his role in the collapse of Refco, he pinned his hopes for a new trial on evidence from Weil, Gotshal & Manges, which had served as counsel to Thomas H. Lee Partners in the leveraged buyout of Refco (NYLJ, Jan. 15). Mr. Collins’s lawyer, William Schwartz of Cooley Godward Kronish, argued that the new evidence would have made a “crucial difference” at Mr. Collins’s fraud trial.
But in a 24-page opinion last week in United States v. Collins, 07-cr-1170, Southern District Judge Robert Patterson Jr. found that the evidence was not material and would not have resulted in an acquittal.
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