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S&O Trial Team Led by David Schertler Wins Acquittal in Southern District of New York Foreign Exchange Price-Fixing Prosecution


OCTOBER 2018

After a two-week trial and less than a half day of deliberations, a jury in the United States District Court for the Southern District of New York (Manhattan) acquitted Schertler & Onorato’s client, Christopher Ashton, as well as two codefendants, Richard Usher and Rohan Ramchandani, of a single charge alleging that they used an online chatroom to fix prices in the euro-to-dollar foreign exchange market.  All three defendants were FX traders based in London and waived extradition to fight the government’s case.  Schertler & Onorato founding partner David Schertler was assisted at trial by Lisa Manning and paralegal Jenna Johnston.  After the acquittals, Mr. Schertler said that the trial team was extremely grateful for the jury’s decision, which “completely vindicates Chris, as well as Mr. Usher and Mr. Ramchandani.”  The case, United States v. Usher, et al., 17-CR-00019, received widespread publicity in legal and financial press.

Recent News
  • SEPTEMBER 2022
  • David Schertler, Danny Onorato, Chris Mead, and Robert Trout Receive Lawyer “Lifetime Achievement” Honor in Washingtonian Magazine
  • AUGUST 2022
  • Danny Onorato Is Named Best Lawyers® “Lawyer of the Year” for Criminal Defense in the Washington, D.C. Area
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  • Six SOM&S Attorneys Make the 2023 Best Lawyers in America® List
  • AUGUST 2022
  • Tara Tighe Wins Appeal in Maryland Court of Special Appeals Over Meaning of “Prevailing Party” Status for Recovery of Attorneys’ Fees and Costs
  • JULY 2022
  • Lisa Manning Serves as Panelist at ABA International Cartel Workshop in Lisbon, Portugal
  • JULY 2022
  • David Schertler Secures Post-Indictment Deferred Prosecution Agreement in Federal Program Bribery and Conspiracy Case

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