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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
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  • DECEMBER 2021
  • Robert Trout and Noah Cherry Secure Jury Acquittal in High-Profile Prosecution of Maryland Defense Attorney
  • NOVEMBER 2021
  • SOM&S Receives Tier 1 Metropolitan Rankings In Four Practice Areas In The 2022 Edition Of “Best Law Firms”
  • OCTOBER 2021
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  • AUGUST 2021
  • Six SOM&S Partners Are Named to the 2022 Best Lawyers in America® List
  • JUNE 2021
  • David Schertler And Stuart Sears Obtain Probationary Sentence In Biopharmaceutical Trade Secrets Case In The Eastern District Of Pennsylvania

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