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Appeals Court Ruling on Wiretaps in Galleon Case

Appeals Court Ruling on Wiretaps in Galleon Case

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Published by DealBook
Federal appeals court ruling denying the Securities and Exchange Commission access to wiretaps of Raj Rajaratnam.
Federal appeals court ruling denying the Securities and Exchange Commission access to wiretaps of Raj Rajaratnam.

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Published by: DealBook on Sep 29, 2010
Copyright:Attribution Non-commercial

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09/23/2012

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10-462-cvSEC v. Rajaratnam, Chiesi
1UNITED STATES COURT OF APPEALS2F
OR THE
S
ECOND
C
IRCUIT
34August Term, 200956(Argued: July 8, 2010 Decided: September 29, 2010)78Docket No. 10-462-cv910
 
1112S
ECURITIES AND
E
XCHANGE
C
OMMISSION
,
 
13
Plaintiff-Appellee,
141516
 — 
v.— 1718
AJ
AJARATNAM
,
 
D
ANIELLE
C
HIESI
,1920
 Defendants-Appellants
,2122G
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,27
 Defendants.
2829 303132B e f o r e:33
AGGI
,
 
L
YNCH
,
 
and
 
C
HIN
,
 
Circuit Judges
.343536_________________3738Defendants-Appellants Raj Rajaratnam and Danielle Chiesi appeal from a
 
21discovery order of the district court (Jed S. Rakoff, Judge) compelling them to disclose to2Plaintiff-Appellee Securities and Exchange Commission wiretapped conversations3provided to them by federal prosecutors in a related criminal case for use in this civil4enforcement action against Appellants. We hold that, while Title III of the Omnibus5Crime Control and Safe Streets Act of 1968, 18 U.S.C. §§ 2510-2522, does not absolutely6prohibit the disclosure of wiretap conversations by defendants in a civil enforcement7proceeding to a civil enforcement authority where the defendants have received the8wiretaps lawfully pursuant to Title III, a district court addressing a discovery demand fo9such materials must balance the right of access to these materials against the privacy10interests at stake. In the instant case, we conclude that although we have no jurisdiction11over an interlocutory appeal from this order, a writ of mandamus is warranted, because12the district court clearly exceeded its discretion in ordering disclosure of thousands of 13conversations involving hundreds of parties, prior to any ruling on the legality of the14wiretaps and without limiting the disclosure to relevant conversations.15V
ACATED AND
EMANDED
.161718
EVIN
P.
 
M
C
G
RATH
, Senior Trial Counsel, Securities and Exchange19Commission, New York, New York (Valerie A. Szczepanik, Senio20Trial Counsel, Securities and Exchange Commission, New York,21New York; David M. Becker, General Counsel, Mark D. Cahn,22Deputy General Counsel, Jacob H. Stillman, Solicitor, Mar23Pennington, Assistant General Counsel, David Lisitza, Senio24Counsel, Securities and Exchange Commission, Washington, DC,
on
 
31
the brief 
),
 for 
 
 Plaintiff-Appellee
.23P
ATRICIA
A.
 
M
ILLETT
, Akin Gump Strauss Hauer & Feld LLP,4Washington, DC (Robert H. Hotz, Jr., Samidh Guha, Akin Gump5Strauss Hauer & Feld LLP, New York, New York; John M. Dowd,6Terence J. Lynam, William E. White, Kevin R. Amer, Issaac J.7Lidsky, Anne J. Lee, Akin Gump Strauss Hauer & Feld LLP,8Washington, DC, Alan R. Kaufman, James M. Keneally, Thomas B.9Kinzler, Kelley Drye & Warren LLP, New York, New York,
on the
10
brief 
),
 for Defendants-Appellants
.1112
EED
M.
 
B
RODSKY
,
 
(Andrew L. Fish,
on the brief 
), Assistant United13States Attorneys
 for 
Preet Bharara, United States Attorney for the14Southern District of New York, New York, New York,
 for 
 
 Amicus
15
Curiae United States of America in support of Plaintiff-Appellee
.1617Craig Green, Associate Professor, Temple Law School, Philadelphia,18Pennsylvania, Douglas R. Jensen, Park & Jensen LLP, New York,19New York,
 for Amici Curiae John Does Number One, Two and 
20
Three
.2122Marc Rotenberg, (John Verdi, Jared Kaprove,
on the brief 
),23Electronic Privacy Information Center, Washington, DC,
 for 
 
 Amicus
24
Curiae Electronic Privacy Information Center (EPIC) in support of 
25
 Defendants-Appellants
.262728G
ERARD
E.
 
L
YNCH
,
 
Circuit Judge
:29Defendants-Appellants Raj Rajaratnam and Danielle Chiesi (hereinafter,30“Appellants”) appeal from a district court (Jed S. Rakoff, Judge) discovery order 31compelling Appellants to disclose thousands of wiretapped conversations, originally32provided to Appellants by the United States Attorney’s Office (“USAO”) in parallel33criminal proceedings, to Plaintiff-Appellee Securities and Exchange Commission

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