Age, Biography and Wiki
Jed S. Rakoff (Jed Saul Rakoff) was born on 1 August, 1943 in Philadelphia, Pennsylvania, U.S.. Discover Jed S. Rakoff's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 80 years old?
Popular As |
Jed Saul Rakoff |
Occupation |
N/A |
Age |
81 years old |
Zodiac Sign |
Leo |
Born |
1 August 1943 |
Birthday |
1 August |
Birthplace |
Philadelphia, Pennsylvania, U.S. |
Nationality |
United States |
We recommend you to check the complete list of Famous People born on 1 August.
He is a member of famous with the age 81 years old group.
Jed S. Rakoff Height, Weight & Measurements
At 81 years old, Jed S. Rakoff height not available right now. We will update Jed S. Rakoff's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Not Available |
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Not Available |
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Jed S. Rakoff Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Jed S. Rakoff worth at the age of 81 years old? Jed S. Rakoff’s income source is mostly from being a successful . He is from United States. We have estimated
Jed S. Rakoff's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
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Not Available |
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Timeline
In 2021, Rakoff, sitting by designation on the Ninth Circuit, wrote an opinion ordering the EPA either to ban the pesticide chlorpyrifos or to modify chlorpyrifos "tolerances" to levels that the agency could affirmatively find safe. Chlorpyrifos was patented by Dow in 1966, and as of 2017 was “the most widely used conventional insecticide in the country.” After the court's ruling, the EPA revoked all tolerances for the pesticide.
After the court's ruling, on August 18, 2021, the EPA announced a final rule "revoking all tolerances for residues of chlorpyrifos." Rakoff was joined in the majority by Judge Jacqueline Nguyen. Judge Jay Bybee dissented.
In August 2019, Rakoff sentenced Cesar Sayoc, nicknamed "The MAGA Bomber", to 20 years prison for the October 2018 United States mail bombing attempts. Sayoc sent bombs specifically to critics of President Donald Trump, including President Barack Obama, former Vice President Joe Biden, former Secretary of State Hillary Clinton, U.S. Representative Maxine Waters, U.S. Senators Kamala Harris and Cory Booker, former U.S. Attorney General Eric Holder, two former intelligence chiefs (ex-CIA Director John O. Brennan and ex-Director of National Intelligence James Clapper), billionaire Democratic donors and activists George Soros and Tom Steyer, and actor Robert De Niro.
Sayoc had a history of threatening people. Ilya Somin, a law professor at George Mason University and a scholar at the Cato Institute, reported that he was the subject of death threats Sayoc made on Facebook in April 2018. Sayoc threatened to kill Somin and his family and "feed the bodies to Florida alligators". Democratic strategist Rochelle Ritchie had also received a threatening tweet from Sayoc on October 11 that said: "Hug your loved ones real close every time you leave you home."
After discovery and motion practice, Rakoff granted summary judgment to plaintiffs and enjoined ICE "from conducting any civil arrests on the premises or grounds of New York State courthouses, as well as such arrests of anyone required to travel to a New York State courthouse as a party or witness to a lawsuit." His ruling explained that a longstanding common-law privilege, dating at least to 18th-century England, bars the civil arrest of anyone present at a courthouse, or on courthouse grounds, or necessarily traveling to or from a court proceeding. This privilege was recognized by various state and federal courts of the United States in the 19th and 20th centuries, and was presumptively incorporated into the Immigration and Nationality Act. ICE thereby exceeded its statutory authority by conducting such arrests in violation of the Administrative Procedure Act. Rakoff further held that ICE acted arbitrarily and capriciously by adopting its courthouse arrest policy in response to the executive order's direction to "employ all lawful means" to enforce the immigration laws; in fact, this legal rationale was faulty because such arrests are not lawful.
In 2017, Pulitzer Prize-winning journalist Jessie Eisinger devoted two chapters of his book The Chickenshit Club to Rakoff, concluding that "Rakoff has cried out about the injustice of the [criminal law] system. He has played a role to change the way the country addresses corporate criminals."
In September 2019, the State of New York and the Brooklyn District Attorney filed a lawsuit against U.S. Immigration and Customs Enforcement (ICE), challenging its decision to greatly increase the number of immigration arrests conducted in and around New York State courthouses. Before 2017, ICE generally required its officers to avoid enforcement actions at courthouses, with limited exceptions for high-priority removal targets. But beginning in 2017, ICE began conducting immigration arrests at courthouses with much greater frequency. ICE officers began following this new policy on an informal basis after President Trump issued a January 25, 2017, executive order, Enhancing the Public Safety in the Interior of the United States, that directed federal agencies "to employ all lawful means to ensure the faithful execution of the immigration laws of the United States against all removable aliens." ICE formally set forth its expanded courthouse arrest authority in a January 2018 Directive.
In 2015, while sitting by designation on the Ninth Circuit Court of Appeals, Rakoff—whose decisions are normally subject to review by the Second Circuit—created a circuit split with the Second Circuit on the "devilishly complex" issue of what constitutes insider trading. In what has been called "the stuff of legend" and "delicious irony", Rakoff's opinion in the case, United States v. Salman, prompted the Supreme Court to review and unanimously affirm it, thereby overturning the Second Circuit's conflicting doctrine (United States v. Salman, 792 F.3d 1087, 1088 (9th Cir. 2015), cert. granted in part, 136 S. Ct. 899, 193 L. Ed. 2d 788 (2016), and aff'd, 137 S. Ct. 420, 196 L. Ed. 2d 351 (2016)).
Rakoff’s opinion ended a 14-year dispute between various nonprofit organizations advocating for conservation, farmworkers’ rights, and public health and the EPA. The fight began with the filing of an administrative petition in 2007 and continued through a series of lawsuits in the Ninth Circuit. The nonprofits argued that chlorpyrifos posed health risks to infants and children, especially to those who were exposed to it in utero. In August 2015, the Ninth Circuit found that the EPA’s delay in responding to the petition was “egregious” and issued a writ of mandamus ordering it “to issue a full and final response to the petition no later than October 31, 2015.” The EPA missed the deadline but published a proposed rule indicating its intent to revoke all chlorpyrifos tolerances because it "cannot, at this time, determine that aggregate exposure to residues of chlorpyrifos ... are safe". After Trump took office, the EPA reversed course, abandoning the proposed rule and denying the nonprofits' petition. It said that "the science addressing neurodevelopmental effects [of chlorpyrifos] remains unresolved", so "further evaluation of the science ... is warranted". The nonprofits objected, and the EPA failed to rule upon those objections for another two years, doing so only after the Ninth Circuit issued another writ of mandamus. When the EPA finally denied the nonprofits' objections in July 2019, the organizations petitioned for review in the Ninth Circuit.
In 2014, Fortune Magazine listed Rakoff as one of the World's 50 Greatest Leaders.
The SEC appealed his decision to the Second Circuit, which, in June 2014, vacated it, saying Rakoff had overstepped his authority and sending the case back to district court. Circuit Judge Rosemary Pooler, writing for the unanimous panel, "found that Rakoff has showed too little deference to the SEC in rejecting the pact."
Specifically, in Salman, Rakoff, considered one of the judiciary's "leading experts on insider trading and white-collar crime", held that any insider who disclosed confidential inside information to his relatives without receiving anything in return was guilty of insider trading, as were his tippees. His holding ran counter to the Second Circuit's controversial decision in United States v. Newman, 773 F.3d 438 (2d Cir. 2014), which had narrowed the definition of insider trading to situations where the government could prove that the tipper had received a direct financial benefit from the tippee in return for disclosing the information.
Rakoff has regularly contributed to the New York Review of Books since 2014. More generally, he has written over 175 published articles, delivered more than 800 speeches, and published several satirical poems. He is also the author of Why the Innocent Plead Guilty and the Guilty Go Free: And Other Paradoxes of Our Broken Legal System (Farrar, Straus and Giroux, 2021).
On April 13, 2013, Rakoff was on a list released by the Russian Ministry of Foreign Affairs (MID) of Americans banned from entering the Russian Federation. The list was a direct response to the so-called Magnitsky list issued by the United States the day before.
In 2012, Rakoff presided over the landmark insider trading trial of Rajat Gupta, one of the most prominent business executives to be tried and convicted in recent decades. Gupta, the former managing partner of McKinsey, served as a director on the boards of many major American businesses, including Goldman Sachs and Procter & Gamble.
Gupta was found guilty on three counts of security fraud and one count of conspiracy. Rakoff sentenced him to two years, writing: "The heart of Mr. Gupta's offenses here, it bears repeating, is his egregious breach of trust." At sentencing, Rakoff critiqued the sentencing guidelines, which base levels of punishment on the amount of illicit trading gains accrued in an insider trading case. Since the underlying crime in a case like Gupta's is actually breach of a fiduciary duty, not fraud on the market, the amount of illicit gains, Rakoff argued, are a poor proxy for the amount of harm the defendant inflicted (United States v. Gupta, 904 F. Supp. 2d 349, 352 (S.D.N.Y. 2012)). On direct appeal, the conviction and sentence were affirmed (747 F.3d 111 (2d Cir. 2014)).
Rakoff has been a major feeder judge, sending more clerks to the Supreme Court than any other district court judge from 2011 to 2015.
Throughout his judicial career, Rakoff has sat regularly by designation on the Second Circuit Court of Appeals. In addition, since 2011, he has regularly sat by designation on the Ninth Circuit Court of Appeals, as well as occasionally on the Third Circuit Court of Appeals.
In 2011, Matt Taibbi wrote in Rolling Stone magazine, "Federal judge Jed Rakoff, a former prosecutor with the U.S. Attorney's office here in New York, is fast becoming a sort of legal hero of our time."
In 2005, Governor George Pataki of New York promulgated an executive order that allowed state-employed psychiatrists to effectuate the involuntary civil commitment—without any prior hearing or judicial determination—of sex offenders approaching the end of their prison terms. Under Pataki's rule, the state's psychiatrists simply had to deem such inmates "mentally ill and in need of involuntary care and treatment" and they were then committed to a mental institution without any pre-commitment due process. In an opinion and order dated July 8, 2010, Rakoff found that the government's actions "rather blatantly violated plaintiffs' constitutional rights" (Bailey v. Pataki, 722 F.Supp.2d 443, 445 (S.D.N.Y. July 6, 2010)). He explained: "pre-deprivation procedural safeguards must be provided when it is feasible to do so—and there is nothing in the record here, taken most favorably to plaintiffs, that suggests any reason why it was infeasible for the plaintiffs here to be given pre-deprivation notice, pre-deprivation appointment of court-appointed physicians, or a pre-deprivation hearing. Indeed, it would have been the simplest thing in the world to have all the required procedures undertaken before a given plaintiff completed his prison term" (Bailey, 722 F.Supp.2d at 450). The Second Circuit upheld Rakoff's ruling, agreeing that an official in the defendants' position would have known that the process by which plaintiffs were committed did not satisfy basic constitutional requirements (Bailey v. Pataki, 708 F.3d 391 (2d Cir. 2013)).
In 2010, Arizona enacted a so-called "ethnic studies" ban, which prevented students in predominantly Latino school districts from participating in a program that incorporated "historical and contemporary Mexican American contributions into coursework and classroom studies." A group of plaintiffs challenged the law in federal court. When the case went up on appeal, Rakoff, sitting by designation on the Ninth Circuit, wrote an opinion reversing the district court's grant of summary judgment for defendants and remanding plaintiffs' equal protection claim for trial (Arce v. Douglas, 793 F.3d 968, 977 (9th Cir. 2015)). He wrote that parts of the Arizona law, while not facially discriminatory, raised constitutional issues, citing in particular legislative and other evidence of the laws' discriminatory purpose. The case went to trial in July 2017.
On August 3, 2009, Bank of America agreed to pay the SEC a $33 million fine, without admission or denial of charges, over the non-disclosure of an agreement to pay up to $5.8 billion of bonuses at Merrill. In an unusual action, Rakoff refused to approve the settlement on August 5 and then, on September 14, after at least one hearing, rejected the settlement outright and told the parties to prepare for trial to begin no later than February 1, 2010:
After the Defense Department complied with most of Rakoff's order, the Bush administration appealed the remainder of it on May 5, 2008. The United States Court of Appeals, Second Circuit reversed the remainder of Rakoff's decision, writing, in part, "We hold that the detainees and their family members do have a measurable privacy interest in their identifying information and that the AP has failed to show how the public interest would be served by disclosure of this information. We conclude that the identifying information is exempt from disclosure under the FOIA privacy exemptions."
Rakoff’s opinion granting that petition, which has been called "a withering attack on the Trump administration E.P.A." and "an overwhelming victory" for the nonprofits, criticized the EPA on both procedural and substantive grounds. Rakoff wrote, "the EPA has sought to evade, through one delaying tactic after another, its plain statutory duties." The court also found that the EPA’s denial of the 2007 petition was substantively unsound or, in the language of administrative law, "arbitrary and capricious". Rakoff wrote that the EPA had "spent more than a decade assembling a record of chlorpyrifos’s ill effects and has repeatedly determined, based on that record, that it cannot conclude, to the statutorily required standard of reasonable certainty, that the present tolerances are causing no harm."
In November 2004, the Associated Press submitted a request under the Freedom of Information Act seeking unredacted transcripts of the Department of Defense's Combatant Status Review Tribunals' proceedings and related documentation. In response, the Government invoked FOIA's Exemption 6, claiming that it redacted identifying information to protect the detainees' personal privacy. Rakoff's rulings highlighted what he viewed as the hypocrisy of the Government's position; he wrote, "one might well wonder whether the detainees share the view that keeping their identities secret is in their own best interests" and held that, in any case, the detainees had no reasonable expectation of privacy in the information at issue. He therefore ordered the Defense Department to release the unredacted transcripts (including the detainees' names) and related documentation (AP v. United States DOD, 2006 U.S. Dist. LEXIS 211, 410 F. Supp. 2d 147 (S.D.N.Y. Jan. 4, 2006); AP v. United States DOD, 2006 U.S. Dist. LEXIS 2456 S.D.N.Y. January 23, 2006).
The Second Circuit affirmed Rakoff on appeal (United States v. Adelson, 441 F.Supp.2d 506 (S.D.N.Y.2006), affirmed, 37 Fed.Appx. 713 (2d Cir. 2007)).
Motorola Credit Corporation and Nokia brought suit against the Uzan family of Turkey. Rakoff found that the Uzans perpetrated multi-billion-dollar fraud in connivance with various corporate defendants, involving the making of numerous false statements designed to induce Motorola and Nokia to extend the loans in issue, diluting the collateral pledged to secure the loans, and filing false criminal charges in Turkey against plaintiffs' senior executives, claiming the executives engaged in "explicit and armed threat[s] to kill", blackmail, and kidnap members of the Uzan family. Rakoff awarded over $2.1 billion in compensatory damages and an equal amount in punitive damages (Motorola Credit Corp. v. Uzan, 274 F. Supp. 2d 481 (S.D.N.Y. 2003), affirmed, 388 F.3d 39 (2d Cir. 2004)).
Rakoff presided over the SEC's accounting fraud suit against Worldcom, and on July 7, 2003, approved a settlement between them. He appointed former SEC chair Richard C. Breeden to serve as Corporate Monitor. Breeden actively involved himself in the company's management and prepared a report for Rakoff, "Restoring Trust", in which he proposed extensive corporate governance reforms, as part of an effort to "cast the new MCI into what he hoped would become a model of how shareholders should be protected and how companies should be run." The reforms were implemented, and Rakoff later credited Breeden with "helping to transform a fraud-ridden company into an honest, well-governed, economically viable entity, MCI, Inc." Verizon purchased WorldCom in January 2006.
In 2002, Rakoff declared the federal death penalty unconstitutional, writing:
Opponents of capital punishment heralded his ruling. The New York Times called it "a cogent, powerful argument that all members of Congress—indeed, all Americans—should contemplate". But the decision was reversed by the United States Court of Appeals for the Second Circuit, United States v. Quinones, 313 F.3d 49 (2d Cir. 2002). Before he found the death penalty unconstitutional in 2002, Rakoff says he suspected his ruling would be reversed because he knew a majority of the Second Circuit would interpret a Supreme Court decision on the issue, Herrera v. Collins, differently than he did.
A jury convicted Richard Adelson, as Chief Operating Officer and (eventually) president of Impath, Inc.—a public company specializing in cancer diagnosis testing—of conspiracy, securities fraud, and three false filing counts related to filings made in the latter half of 2002, but acquitted him of all seven counts that related to earlier filings. The gist of the indictment was that Adelson joined a conspiracy, initially concocted by others, to materially overstate Impath's financial results, thereby artificially inflating its stock price. At sentencing, Rakoff said, "as a practical matter, a sentence of life imprisonment was effectively available here, for the statutory maximum sentence for the combined five counts of which Adelson had been convicted was 85 years, which, given his current age of 40, would have led to his imprisonment until the age of 125. Even the Government [prosecutors] blinked at this barbarity." The court actually sentenced Adelson to three and a half years in prison and restitution of $50 million, $12 million of which would be paid by the immediate forfeiture of most of his assets and the rest by payments of 15% of his monthly gross income.
On October 11, 1995, President Bill Clinton nominated Rakoff to fill a seat on the United States District Court for the Southern District of New York vacated by David Norton Edelstein. He was confirmed by the Senate on December 29, 1995, received his commission on January 4, 1996, and entered on duty on March 1, 1996. On December 31, 2010, he assumed senior status, although he continues to take the full load of cases.
Rakoff is adjunct professor of law at Columbia Law School. He has taught there since 1988, teaching the first-year class in Criminal Law and seminars on White-Collar Crime, the Interplay of Civil and Criminal Law, Class Actions, and Science and the Courts. He is an adjunct professor at NYU Law School, where he teaches seminars on Class Actions and on Science and the Courts, and also teaches annual one-week seminars at The University of California, Berkeley, School of Law and the University of Virginia School of Law. He previously served on the Board of Managers of Swarthmore College and on the Governing Board of the MacArthur Foundation's Law & Neuroscience Project. Rakoff was elected to the American Law Institute in 2009 and to the American Academy of Arts and Sciences in 2013. He is a fellow of the American College of Trial Lawyers. Rakoff represented the federal judiciary on the National Commission on Forensic Science (2013–17) and co-chaired the National Academies of Science's Committee on Eyewitness Identification. He served on the New York City Bar Association's Executive Committee and was chair of the Association's Nomination, Honors, and Criminal Law Committees. He chaired the Second Circuit's Bankruptcy Committee and the Southern District of New York's Grievance Committee and Criminal Justice Advisory Board. He participated in the development of the third edition of the federal judiciary's Manual on Scientific Evidence and co-edited The Judge's Guide to Neuroscience. He has assisted the U.S. Department of Commerce in training foreign judges in international commercial law in Azerbaijan, Bahrain, Bosnia, Dubai, Iraq, Kuwait, Morocco, Saudi Arabia, and Turkey. He was a senior advisor to the President's Council of Advisors on Science and Technology's Advisory Group on Forensic Science and served as an adviser on the ALI project to revise the sentencing provisions of the Model Penal Code.
After serving as law clerk to Judge Abraham Freedman of the United States Court of Appeals for the Third Circuit, Rakoff spent two years in private practice at Debevoise & Plimpton before spending seven years as a federal prosecutor with the United States Attorney for the Southern District of New York. For the last two of those years, he was Chief of the Business and Securities Fraud Prosecutions Unit. He then returned to private practice, as a partner with Mudge, Rose, Guthrie, Alexander & Ferdon (1980–90) and then with Fried, Frank, Harris, Shriver & Jacobson (1990–96). He headed both firms' criminal defense and civil Racketeer Influenced and Corrupt Organizations Act (RICO) sections.
Rakoff has been married since 1974 to Dr. Ann R. Rakoff, a child development specialist. They have three daughters and two grandsons. Their hobby is ballroom dancing. He is Jewish.
Rakoff presided over a class-action lawsuit against Texaco, brought under the Alien Tort Claims Act, by a class of Ecuadoreans, including several indigenous tribes, claiming that Texaco caused extensive destruction to the Oriente rainforest. He dismissed the case on forum non conveniens grounds, writing: "While reserving final decision on this motion, the Court is tentatively of the view that, if Ecuador provides an adequate alternative forum, it is the proper place to try these cases, with the Peruvian plaintiffs afforded the alternative of a Peruvian forum if they so prefer. Indeed, the voluminous record before the Court demonstrates that these cases... have everything to do with Ecuador and very little to do with the United States. Moreover, the notion that a New York jury (which plaintiffs have demanded) applying Ecuadorian law (which likely governs the claims here made) could meaningfully assess what occurred in the Amazonian rainforests of Ecuador in the late 1960s and early 1970s is problematic on its face". Rakoff's decision was affirmed on appeal, 303 F.3d 470 (2d Cir. 2002).
Jed Saul Rakoff (born August 1, 1943) is a Senior United States district judge of the United States District Court for the Southern District of New York.
Rakoff was born in Philadelphia, Pennsylvania on August 1, 1943. He grew up in the Germantown section of Philadelphia and attended Central High School of Philadelphia. Rakoff received his Bachelor of Arts in English literature from Swarthmore College, where he was student council president and editor-in-chief of the newspaper. He earned his Master of Philosophy in Indian history from Balliol College at Oxford University, and received a Juris Doctor, cum laude, from Harvard Law School, where he was a member of the Harvard Legal Aid Bureau. He has received honorary degrees from Saint Francis University and from Swarthmore.