Well, now it's time for our Bloomberg Law Report. It's brought to you by American Arbitration Association. Business disputes are inevitable, resolve faster with the American Arbitration Association, the global leader in alternative dispute resolution for over ninety years. More at a dr dot org. Let's get to the legal stories we're watching this morning with Steve Potus in the Bloomberg
ninety one Washington newsroom. A Treasury Department report criticizing the extraordinary costs of the Consumer Financial Protection Bureaus arbitration rule adds fuel to efforts to defeat it in Congress and
the courts. The number of False Claims Act settlements involving personal liability for healthcare providers has spiked after a federal directive to prosecute individuals who guided corporate fraud and amid talks to overhaul NAFTA, Mexico is making it clear it could shift to South America for agricultural goods if the trade relationship with the US hours. Bloomberg Law everything you need, all on one legal search platform, including guidance analysis and
Bloomberg Market Intelligence. Find out more at Bloomberg Law dot com Now in other legal news, let's take a look at developments in the case of former HSBC foreign exchange trader Mark Johnson, who was convicted of fraud for a front running a three and a half billion dollar client order. For more in the story, Bloomberg lawhost During Grosso speaks with the Bloomberg for an exchange report Land and again Lennon, how long did the jury deliberated and what did they
ask for? They deliberated for about two days, um, just under two days, I would say, And they asked for tapes that Mark Johnson of Mark Johnson and his colleagues discussing the trades. Um. So some of these tapes were the most sort of incriminating evidence. We hadn't heard him saying, I think we got away with it, you know, sort of celebrating and swearing on the tapes. And so I think those were pretty damning, and I guess they stuck
out in the jury's mind. Yeah, And the prosecutors certainly helped them emphasize that what would a guilty man be doing saying this? So Johnson, as we've discussed, a big chance in taking the stand in his own defense. The verdict means the jury didn't believe him. Wasn't the recordings that he had the most difficulty with on the stand. I think he was actually very calm and collected on
the stand. But I think you know what the prosecutors said to the jury was, look, this is a different guy that you're seeing in person versus the person that you hear on the tapes. So I guess the jury was not convinced by his sort of calm, collected demeanor on the stand. Did he was he able to explain away any of the tapes. There was an explanation for everything, really, his his lawyers went point by point through all of the most damning evidence. They gave an alternative explanation for
pretty much everything. So it was very comprehensive, very very long testimony by the defendant. That's Bloomberg for an Exchange reporter Lennon new Yo Yen speaking with Bloomberg during GROSSO. You can listen U Bloomberg Law week days at one pm Wall Street Time here on Bloomberg Radio, and find more legal news at Bloomberg Law dot com. Attorneys will find exceptional legal research and business development tools there as well.