Jury Acquits Richard Usher on All Charges

Press Release
2 min read

Richard Usher, a former J.P. Morgan foreign exchange trader, has been acquitted by a jury on all charges. Global law firm White & Case LLP represented Mr. Usher in his defense.

"I am grateful to the jury and court that this matter has come to an end, and that I have been exonerated of all wrongdoing," said Mr. Usher. "The past five years have been extremely difficult for my family and friends, and for me, and I'm looking forward to resuming my life without the shadow of these false charges hanging over me. I would like to thank my family, friends, lawyers at White & Case and colleagues for all of their support."

"Mr. Usher has had his day in court and once the facts came out, it was proven definitively that he did nothing wrong. We thank the jury and court for their professionalism and for rendering the correct verdict, and for giving Mr. Usher his life back," said Mike Kendall, partner at White & Case and lead trial counsel for Mr. Usher.

Mark Gidley, head of the White & Case antitrust practice and co-lead counsel said "The Usher not guilty verdict is the shot heard round the world."

"Mr. Usher has spent the past five years fighting to save his reputation with the knowledge that he did nothing wrong," said Jonathan Pickworth, partner at White & Case who has been representing Mr. Usher since the outset of the investigation in 2013.

Mr. Usher was acquitted in the Southern District of New York. The acquittal follows the UK's Serious Fraud Office decision in 2016 not to pursue charges, finding no basis on which to do so.

The White & Case legal team who represented Mr. Usher successfully worked together across various practice groups in the US and London. The team was led by partners Michael Kendall in Boston, Jonathan Pickworth in London, Mark Gidley in Washington DC, Andrew Tomback in New York and Kevin Bolan, also in in Boston. Additional lawyers on the team included: Joanna Dimmock, Rebecca Copcutt, Fred Kelly and Duncan Jones in London; Alexandra Gliga, Yakov Malkiel, Samuel Feldman and Karen Eisenstadt in Boston and Jennifer Thomas and Kelly Newman in New York.

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