Clark Smith Villazor LLP Client Sentenced to Significantly Below Guidelines Sentence for Insider Trading Conviction

August 6, 2024

On August 6, 2024, Clark Smith Villazor LLP’s client, Amit Dagar, received a below-Guidelines sentence of 9 months’ imprisonment after his conviction on charges of insider trading and conspiracy to commit insider trading.  While Judge Andrew L. Carter of the District Court for the Southern District of New York calculated a sentence under the federal Sentencing Guidelines of 27 to 33 months’ imprisonment and initially indicated that he was considering a sentence of 12 months and 1 day of imprisonment, he was ultimately convinced by argument presented by Patrick J. Smith, founding partner of Clark Smith Villazor LLP, that an even lower sentence was appropriate given the circumstances of the case and impact of imprisonment on Mr. Dagar’s family and immigration status.  Clark Smith Villazor LLP has further sought bail pending appeal for Mr. Dagar for which the Court will hear argument in September.