Ex-JPMorgan Trader's Subpoena Should Be Axed, Feds Say

Law360 (July 1, 2019, 8:17 PM EDT) -- Federal prosecutors have urged a New York federal court to quash the subpoena of a potential cooperating government witness in its case against a former JPMorgan foreign exchange trader who was indicted in an antitrust conspiracy last year, arguing that the request is "classic impeachment material."

Prosecutors said in court filings Friday that Akshay Aiyer's bid seeking statements his co-conspirator, Nicholas Williams, made to South African investigators about their alleged illegal trading of the country's currency is an "unreasonable" request that would cause "undue harassment of its witness" ahead of potential trial testimony.

The government contended that this request runs afoul...

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