A team from Wilmer Cutler Pickering Hale and Dorr led by partners Randall Lee and Heather Tewksbury beat back claims this week from the U.S. Securities and Exchange Commission on behalf of two former executives of failed New Mexico mortgage lender Thornburg Mortgage Inc.
After a three-week trial and three days of deliberations, an Albuquerque federal jury on Wednesday acquitted the Wilmer clients—former Thornburg CEO Larry Goldstone and chief financial officer Clarence Simmons—on five civil accounting fraud claims. The jury returned a hung verdict on five additional SEC claims.
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