Stephen Miller, vice chair of Cozen O'Connor's White Collar Defense & Investigations practice, discusses the Bharara insider-trading crackdown on Bloomberg.com. U.S. prosecutors have agreed to return that amount to Diamondback Capital Management LLC in a deal approved by a federal judge on Thursday. The hedge fund paid the $6 million to the government as part of a 2012 non-prosecution agreement related to Bharara’s insider-trading probe. The fund, which at its peak managed $5.8 billion, closed later that year. Fourteen of those convictions have now been overturned -- including two that were struck down by an appeals court in 2014, opening the door for the victors and others to claw back penalties and fines from the Justice Department and the U.S. Securities and Exchange Commission. The government has now handed back more than $40 million in all, including to three individuals whose convictions were overturned and two of the hedge funds where they worked. "Reversals are uncommon in general," said Stephen. "That would make the return of money even more uncommon." 

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