A former private equity fund manager pardoned by former Gov. Andrew Cuomo represented himself before the U.S. Court of Appeals for the Second Circuit, as he and Perkins Coie partner Keith Miller argued that the U.S. Securities and Exchange Commission wasn’t entitled to $9 million in frozen assets.

Miller, who represents the investment entities founded by Lawrence Penn, referred to collectively as the Camelot defendants, argued that the 2021 judgment issued by the district court against the Camelot defendants was “fundamentally inconsistent” with the U.S. Supreme Court’s 2020 ruling in Liu v. SEC.